CFPB Says Companies Violate Federal Law by Not Protecting Consumer Data

Written By Digital Content Editor Thomas Ahearn On August 11, 2022, the Consumer Financial Protection Bureau (CFPB) published guidance to consumer protection enforcers in a Consumer Financial Protection Circular on Insufficient Data Security that confirmed financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data and can be held…

CFPB Announces Settlement with Debt Collector for Alleged FCRA Violations

Written By ESR News Blog Editor Thomas Ahearn On November 12, 2020, the Consumer Financial Protection Bureau (CFPB) announced a settlement with a non-bank Illinois-based debt collector that specializes in collecting debt on behalf of telecommunications companies and furnishes information to Consumer Reporting Agencies (CRAs) to address alleged violations of the federal Fair Credit Reporting…