CFPB Circular Addresses Potential Misuse of Personal Financial Data

August 12, 2022 Demetria Lester

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The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The circular provides guidance to consumer protection enforcers, including examples of when firms can be held liable for lax data security protocols. "Financial firms that cut ...

The post CFPB Circular Addresses Potential Misuse of Personal Financial Data appeared first on theMReport.com.

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