On October 18, 2017, the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) published a statement of nine principles entitled: “Consumer Protection Principles: Consumer-Authorized Financial Data Sharing and Aggregation.”
The authority and leadership of the Consumer Financial Protection Bureau (CFPB), a body created by Dodd-Frank to regulate consumer protection of financial products and services, continues to remain in limbo in the wake of the recent ruling by the United States Court of Appeals District of Columbia Circuit invalidating President Obama’s recess appointments to the National Labor Relations Board.
On September 5, the Consumer Financial Protection Bureau (CFPB) released the procedures it will use in examining credit bureaus and other consumer reporting companies.
President Barack Obama’s commitment to consumer privacy faces an early but critical test concerning federal safeguards for mobile-device users.