CFPB Settles with Bank for Violating FCRA by Obtaining Consumer Reports without Permissible Purpose

Written By ESR News Blog Editor Thomas Ahearn On December 6, 2018, the Consumer Financial Protection Bureau (CFPB) – the U.S. government agency responsible for consumer protection in the financial sector that may soon be called the Bureau of Consumer Financial Protection (BCFP) – announced a settlement with State Farm Bank for violating the Fair …

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FTC Hearing Examines Consumer Protection Issues with the Use of Algorithms, AI, and Predictive Analytics

Written By ESR News Blog Editor Thomas Ahearn On November 13 to 14, 2018, the Federal Trade Commission (FTC) – a U.S. government agency promoting consumer protection – held the seventh session of its Hearings on Competition and Consumer Protection in the 21st Century to examine competition and consumer protection issues associated with the use …

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One-Third of Americans Will Do Most Holiday Shopping Online but Two-Thirds Concerned about Identity Theft

Written By ESR News Blog Editor Thomas Ahearn One-third of American shoppers plan to do all or most of their holiday shopping online this year while more than two-thirds of these online holiday shoppers are concerned about identity theft, according to a survey commissioned by leading proactive identity theft protection service provider LifeLock.

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FTC Reaches Settlements with Four Companies Over False Claims of Participation in EU-U.S. Privacy Shield

Written By ESR News Blog Editor Thomas Ahearn On September 27, 2018, the Federal Trade Commission (FTC) announced that four companies agreed to settle allegations that they falsely claimed certification under the EU-U.S. Privacy Shield Framework and that two of these companies failed to abide by a key framework provision, according to an FTC press …

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Employment Screening Resources (ESR) Completes Annual Privacy Shield Re-Certification for 2018

Written By Employment Screening Resources® (ESR) Employment Screening Resources® (ESR) – a leading global background check firm – has received notification from the U.S. Department of Commerce’s International Trade Administration (ITA) that ESR’s annual submission for its self-certification of adherence to the Privacy Shield Framework has been finalized and is effective as of September 26, 2018.

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Uber Agrees to Pay $148 Million Settlement to Resolve Allegations from 2016 Data Breach Cover Up

Written By ESR News Blog Editor Thomas Ahearn On September 26, 2018, California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced that Uber Technologies, Inc. agreed to a $148 million nationwide settlement to resolve allegations that the transportation network company (TNC) violated state data breach reporting and reasonable data security laws …

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FTC Testifies Before Senate Committee that Enforcement of FCRA Remains a Top Priority

Written By ESR News Blog Editor Thomas Ahearn On July 12, 2018, the Federal Trade Commission (FTC) – a U.S. government agency promoting consumer protection – testified before the Senate Banking, Housing, and Urban Affairs Committee that “vigorous” enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority and outlined efforts to educate …

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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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