Blog Header

Federal Review

A Summary of Federal Issues Impacting the Consumer Reporting Industry

07 Oct 2020CFPB proposes an Advisory Opinion (AO) program


The CFPB issued a notice and request for comment for its proposed Advisory Opinion (AO) Program. AOs issued under the program…

Read More

Synthetic identity fraud is a crime where perpetrators combine real and/or fictitious information, such as SSN and fake names, to create…

Read More

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…

Read More

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…

Read More

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,…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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….

Read More