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Fair Credit Reporting Act (FCRA) Advisory Opinions

WilmerHale

CFPB Targets Consumer Report Protections with an Advisory Opinion

WilmerHale on

On July 7, 2022, the Consumer Financial Protection Bureau (“CFPB”) issued an advisory opinion, “Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports” (the “Opinion”) to outline certain privacy...more

Buchalter

CFPB Issues Advisory Opinion on Credit Reporting

Buchalter on

Amidst its increased activity in many different areas, the CFPB recently focused on credit reporting responsibilities under the Fair Credit Reporting Act (FCRA) by issuing an advisory opinion. The CFPB highlighted and set out...more

Cozen O'Connor

CFPB Reaffirms Privacy Requirements of FCRA for Credit Reporting Agencies and Users

Cozen O'Connor on

The CFPB released an Advisory Opinion and an accompanying press release affirming the agency’s interpretation of the application of the Fair Credit Reporting Act to the provision and use of credit and background reports, with...more

Troutman Pepper

CFPB Advisory Opinion on Name-Only Matching Under FCRA - The Consumer Finance Podcast

Troutman Pepper on

Please join Troutman Pepper Partner Chris Willis and his guests and colleagues Alan Wingfield and Noah DiPasquale as they discuss the recent advisory opinion from the Consumer Financial Protection Bureau on name-only matching...more

Wiley Rein LLP

Wiley Consumer Protection Download (July 12, 2022)

Wiley Rein LLP on

Regulatory Announcements- CFPB Issues Advisory Opinion on FCRA Permissible Purposes for Providing Consumer Reports. On July 7, the CFPB issued an Advisory Opinion on the Fair Credit Reporting Act (FCRA) that outlines...more

Wiley Rein LLP

Wiley Consumer Protection Download (May 16, 2022)

Wiley Rein LLP on

Alvaro Bedoya Sworn in as FTC Commissioner Following Senate Confirmation. On May 16, Alvaro Bedoya was sworn in as FTC Commissioner. The U.S. Senate confirmed Bedoya to the FTC’s open Commissioner on May 11. ...more

Womble Bond Dickinson

Amidst Covid-19 Pandemic Credit Reporting Concerns, CFPB Reaffirms That Name-Only Matching Violates FCRA

Womble Bond Dickinson on

On November 4, 2021, the Bureau of Consumer Financial Protection (the “Bureau”) issued an advisory opinion reaffirming its stance that a consumer reporting agency (“CRA”) using name-only matching procedures violates 15 U.S.C....more

Goodwin

SEC Finalizes Reforms Under Investment Advisers Act

Goodwin on

In this Issue. The Securities and Exchange Commission (SEC) finalized reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments to solicitors, and published a risk...more

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