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CFPB: State, federal laws must account for ‘mysterious ways’ companies harvest data
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Consumer Protection, Data Privacy
Tuesday, November 19, 2024
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The Consumer Financial Protection Bureau released a report indicating state and federal laws meant to safeguard consumers’ financial data lag behind those established in other economic sectors.
The report highlights certain limits to consumer financial data protection laws at both levels, which the agency hopes to address through its recently finalized data privacy rule, as well as related actions.
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