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Federal Review

A Summary of Federal Issues Impacting the Consumer Reporting Industry

31 Jul 2020CFPB to release ANPR in 2020 on consumer-authorized access to financial records


Last week, the CFPB announced a forthcoming ANPR on consumer-authorized access to financial records. The ANPR follows a February 2020 symposium…

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30 Jul 2020The 10th Anniversary of Dodd-Frank


This month marks the 10th anniversary of the signing of Dodd-Frank Wall Street Reform and Consumer Protection Act. This landmark legislation…

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21 Jul 2020Protecting Your Credit Score Act


H.R. 5332, the Protecting Your Credit Score Act of 2020 passed the House on a mostly partisan vote on June 29,…

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10 Jul 2020CFPB ratifies regulatory actions;


Following the Supreme Court’s decision in Selia Law v. CFPB, the CFPB announced that it was ratifying “the large majority of…

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08 Jul 2020CFPB’s AI spotlight


Yesterday, the CFPB put out an Innovation Spotlight blog, Providing adverse action notices when using AI/ML models.  The posting notes that…

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08 Jul 2020New reports continue to support full credit reporting, and not data suppression


In April 2020, the Policy & Economic Research Council (PERC) issued a blog posting, COVID-19 and Credit Reporting: Suppression is Not…

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07 Jul 2020FTC Safeguards Rule Workshop


On March 2, 2020, the FTC announced its intention to hold a public workshop “seeking research, testimony, and other input on…

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19 Jun 2020U.S. Sen. Brown Introduces Privacy Bill


U.S. Sen. Sherrod Brown (D-OH), the ranking member of Senate Banking, has introduced the Data Accountability and Transparency Act of 2020….

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16 Jun 2020CFPB issues FAQs for CARES reporting


On June 16, CFPB issued Consumer Reporting FAQs Related to the CARES Act and COVID-19 Pandemic.  These FAQs follow an April…

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02 Jun 2020CDIA to CFPB Task Force: We have so much to talk about


CDIA filed a comment this week with the Taskforce on Federal Consumer Financial Law in response to its March 2020 Request…

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