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Consumer Data Requests Data Security Banks

Orrick, Herrington & Sutcliffe LLP

The CFPB’s PFDR Rule Revisited: Comments Reveal Deep Divides on Definition of “Consumer,” Fees, Security and Privacy

The Consumer Financial Protection Bureau (CFPB) is once again at the center of a heated debate as it reconsiders its Personal Financial Data Rights (PFDR) Rule under Section 1033 of the Dodd-Frank Act. The Bureau’s Advance...more

Sheppard

CFPB Circular: Safeguard Consumer Data or Face Liability

Sheppard on

On August 11, the CFPB published a circular clarifying liability under consumer financial protection law for bank and nonbank financial companies that fail to safeguard consumer data. The circular describes how firms may be...more

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