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Press Release: Supporters Support CFPB Dedication to Closing Responsibility Loopholes for Information Brokers Offering Files on Americans in Secret

Tuesday, August 15, 2023

Ben Winters, Legendary Elder Counsel: [e-mail protected]Laura Rivera, JFL, [e-mail protected]

IMPRESSIVE, Demand Progress, Simply Futures Law, and the National Customer Law Center today announced assistance of Consumer Financial Defense Bureau (CFPB) Director Rohit Chopra’s announcement that the company will use its rulemaking authority under the Fair Credit Reporting Act (FCRA) to deal with the rampant harm data brokers are triggering to the general public. FCRA needs that covered entities have an acceptable purpose to offer covered personal information, that they follow sensible procedures for maximum possible precision, which they provide a chance for consumers to inspect and fix details about them.

Director Chopra explained that as part of their ongoing efforts to check information brokers, the CFPB will clarify through rulemaking that “credit header” information falls under the FCRA which entities offering the kinds of information usually included in consumer reports will need to adhere to the statute. Credit header data includes names, addresses, telephone number, Social Security numbers, and birth dates. Expanding the FCRA’s protection will be a strong initial step in protecting vulnerable consumers.Earlier this year, a coalition of groups prompted the CFPB to “ensure and clarify coverage of data brokers when they sell information that ought to be thought about a’consumer report ‘under the Act.” The union gotten in touch with the CFPB to clarify that credit header information, which is typically used in ways that jeopardize the security and security of immigrants in the U.S., is covered by FCRA. The undersigned groups eagerly anticipate engaging with CFPB throughout the rulemaking procedure to hold information brokers accountable.Electronic Personal privacy Information Center(EPIC )Need Development Just Futures Law National Customer Law Center” For far too long, data brokers have actually been enabled to profit
off Americans ‘individual information with little to no oversight, jeopardizing individuals’s privacy and security. The CFPB’s action will bring much required transparency and responsibility to the data broker market.”– Ben Winters, Elder Counsel at Electronic Privacy Details Center(IMPRESSIVE)” Data brokers have been flagrantly evading the FCRA when they offer private or delicate info about us, consisting of: residential or commercial property records, property details

, criminal records, social networks posts, license plate reader data, group categorizations. When they offer this info for functions covered by the FCRA, such as work, credit, and federal government benefit screenings, they require to follow the Act’s requirements. Brokers need to not be offering our info without adhering to the law and the CFPB’s action is a step towards getting rid of these abuses.”– Chi Wu, senior lawyer at the National Consumer Law Center”We applaud the CFPB for utilizing their authority to attend to the credit header loophole and control the information broker industry. Information brokers have made the most of these information loopholes to benefit tremendously from selling the personal information of anyone and everybody. This is a substantial step in securing our privacy, civil liberties, but most notably the people whose lives are affected by their delicate data being offered to the highest bidder.”– Laura Rivera, senior personnel attorney with Just Futures Law

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