The Consumer Financial Protection Bureau Announces Sweeping Rulemaking for Companies That Collect and Furnish Personal Data

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On August 15, 2023, the Consumer Financial Protection Bureau (“CFPB”) announced it was launching a rulemaking aimed at subjecting any company or entity that collects and sells consumer data to the Fair Credit Reporting Act (“FCRA”) by redefining data brokers as consumer reporting agencies and by clarifying the extent to which credit header data is considered a consumer report….
By: Jones Day
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