Updates on Developments in Data Privacy and Cybersecurity
Last week, the Consumer Financial Protection Bureau (CFPB) released a study comparing credit scores sold to creditors and those sold to consumers. The study found that approximately 1 in 5 consumers would, upon purchasing their credit score from a consumer reporting agency, receive a different credit score than the score…
Continue Reading CFPB Study Assesses Differences in Credit Scores Sold to Consumers and Creditors
As covered in our earlier blog post, the Dodd-Frank Wall Street Reform and Consumer Protection Act establishes the Office of Financial Research (OFR) to collect and analyze U.S. financial data for financial regulators. The OFR is tasked with, among other responsibilities, supporting the Financial Stability Oversight Council’s oversight of…
Continue Reading The Office of Financial Research and Legal Entity Identifiers
Yesterday, a subcommittee of the House Financial Services Committee held a hearing to discuss cybersecurity and security threats to the financial sector. The panelists included officials from the Secret Service, Federal Bureau of Investigation, and Department of Homeland Security, as well as representatives from Verizon, Symantec, Bank of America, and…
