New York Issues Regulation to Protect New Yorkers from Data Breaches at Credit Reporting Agencies

Written By ESR News Blog Editor Thomas Ahearn On June 25, 2018, New York Governor Andrew M. Cuomo announced that the state’s Department of Financial Services (DFS) issued a final regulation to protect New Yorkers from the threat of data breaches at credit reporting agencies such as the massive Equifax data breach that exposed the personal …

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Enforcement of European Union (EU) General Data Protection Regulation (GDPR) Begins May 25

Written By ESR News Blog Editor Thomas Ahearn On May 25, 2018, enforcement of the General Data Protection Regulation (GDPR) will begin and the GDPR  will become the primary law regulating the protection of personal data of European Union (EU) citizens. U.S. companies need to comply with the GDPR when performing international background screening in the EU in …

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CFPB Called Far Too Powerful with Little Oversight of Activities in Report

Written By ESR News Blog Editor Thomas Ahearn In April 2018, the Consumer Financial Protection Bureau (CFPB) – the United States government agency responsible for consumer protection in the financial sector – presented the CFPB’s Semi-Annual Report to Congress for the period beginning on April 1, 2017, and ending on September 30, 2017.

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National Credit Reporting Agencies to Remove All Tax Liens from Consumer Credit Reports in April 2018

Written By ESR News Blog Editor Thomas Ahearn In March 2017, ESR News reported that national credit reporting agencies (NCRAs) Equifax, Experian, and TransUnion had announced the implementation of enhanced standards for the collection and timely updating of public record data included in consumer credit reports as part of the National Consumer Assistance Plan (NCAP) …

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FTC Opens Investigation into Privacy Practices of Facebook after Alleged Data Breach Involving 50 Million Users

Written By ESR News Blog Editor Thomas Ahearn On March 26, 2018, the Federal Trade Commission (FTC) – the primary federal privacy and data security enforcement agency – confirmed it has opened an investigation into the privacy practices of Facebook, the world’s largest social media platform with 2.2 billion monthly active users, after a data …

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FTC Offers Tips on How Consumers Can Avoid Tax Identity Theft Scams

Written By ESR News Blog Editor Thomas Ahearn With the deadline to file taxes on Tuesday, April 17, 2018, the Federal Trade Commission (FTC) – the nation’s consumer protection agency – is offering tips on how to avoid tax identity theft scams that steal personal data and money based on the Internal Revenue Service (IRS) …

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FTC Report Finds Less Consumer Complaints about Fraud in 2017 But More Money Lost than in 2016

Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) – a primary federal privacy and data security enforcement agency – has released the 2017 Consumer Sentinel Network Data Book that found the number of consumer complaints about fraud dropped in 2017 while the amount of money lost was more than in …

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CFPB Report Focuses on Removal of Civil Public Records from Credit Reports

Written By ESR News Blog Editor Thomas Ahearn On February 22, 2018, the Consumer Financial Protection Bureau (CFPB) – a U.S. government agency responsible for consumer protection in the financial sector – released the latest Quarterly Consumer Credit Trends report that focused on the removal of civil public records from consumer credit reports.

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FTC to Hold PrivacyCon 2018 Event on February 28

Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) – the primary federal privacy and data security enforcement agency – will hold its third PrivacyCon on February 28, 2018, to focus on the economics of privacy including how to quantify the harms that result from the failure of companies to secure …

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CFPB To Redirect Mission and Focus Under New Leadership While Enforcing Consumer Protection Laws

Written By ESR News Blog Editor Thomas Ahearn On January 23, 2018, Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB) – an agency of the U.S. government responsible for consumer protection in the financial sector – sent a memo to employees informing them that the CFPB would continue to fulfill its legal …

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