Arnold & Porter Discusses CFPB Report on Privacy-Protection Gaps for Financial Service Customers
Reynolds Holding
DECEMBER 15, 2024
The Consumer Financial Protection Bureau (the CFPB) recently released a report identifying limits in federal privacy protections afforded by the Fair Credit Reporting Act (FCRA) and Gramm-Leach-Bliley Act (the GLBA). The report strongly encourages state policymakers to consider how consumers are impacted by the FCRA and GLBA exemptions contained in all of the 19 [1] broad state consumer privacy laws enacted over the past six years.
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