Chris Friedman, Leslie Sowers, and Mike Silver, along with Jennifer Galloway, Assistant General Counsel at Elevate, will present "Important Developments in the Data Broker Space" at the OLA Legal Issues Conference on Tuesday, February 13, 2024.
The Consumer Financial Protection Bureau (CFPB) has been at the forefront of discussions surrounding the evolving role of data brokers in today’s digital economy. Specifically, on September 15, 2023, the CFPB released its outline of a proposed rule that would regulate both data collection and data sales, and would effectively expand the scope of the Fair Credit Reporting Act. This move comes after considerable discussions by the Bureau and the Biden Administration regarding the data broker space. Regulation in this industry sits at the nexus of fair credit reporting, privacy issues, and the regular business practices of lenders, data brokers, and third-party service providers. This panel will discuss the development of regulation in the data broker space, implications of the CFPB’s potential rulemaking, and ways that stakeholders can (1) work with trade groups and other interested partners to influence the rulemaking through the public comment process and (2) begin preparing for a new regulatory regime.
For more information, visit the event website.