WASHINGTON, March 5 -- Consumer Financial Protection Bureau has issued a proposed rule called: Protecting Americans From Harmful Data Broker Practices (Regulation V); Extension of Comment Period.
The proposed rule was published in the Federal Register on March 5 by Russell T. Vought, Acting Director, Consumer Financial Protection Bureau.
Summary: On December 13, 2024, the Consumer Financial Protection Bureau (CFPB) published in the Federal Registera notice of proposed rulemaking (NPRM) requesting comment on the CFPB's proposal to amend Regulation V, which implements the Fair Credit Reporting Act (FCRA). The proposed rule would implement the FCRA's definitions of consumer report and consumer reporting agency as well as certain of the FCRA'...