News & Analysis as of

Consumer Information Final Rules Financial Institutions

Troutman Pepper

Banks Should Continue to Prep for CFPB Data Rule Rollout

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Companies that fall within the definition of “data provider” are expected by this fall to be required to comply with the Consumer Financial Protection Bureau’s proposed rule implementing Section 1033 of the Dodd-Frank Act. ...more

Troutman Pepper

FTC Amends Safeguards Rule to Require Reporting of Data Breaches

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On October 27, the Federal Trade Commission (FTC) announced a final rule amending the Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act. The Safeguards Rule requires nonbanking...more

Womble Bond Dickinson

It’s That Time of Year: The BCFP’s Annual Adjustment to the Maximum Allowable Charge for Consumer Disclosures

Womble Bond Dickinson on

Effective January 1, 2019, the Bureau of Consumer Financial Protection raised the maximum amount a Consumer Reporting Agency is allowed to charge a consumer for a copy of their consumer file disclosure under the FCRA to...more

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