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Focus on Regulation

Tag Archives: larger participants

CFPB to Supervise Credit Bureaus: Another Avenue for Enforcement of FCRA Privacy Protections

Under regulations adopted earlier this month by the Consumer Financial Protection Bureau (“CFPB”), the nation’s larger consumer reporting agencies (“CRAs”) will for the first time be subject to supervision at the federal level.  The new rules were issued pursuant to the CFPB’s authority under section 1024 of the Dodd-Frank Wall Street Reform and Consumer Protection