Civil Law

CFPB Spring 2024 Supervisory Highlights looks at consumer reporting companies and furnishers

The CFPB has released the Spring 2024 edition of Supervisory Highlights.  The report discusses CFPB examinations in connection with credit reporting and furnishing that were completed from April 1, 2023 through December 31, 2023.

Key findings by CFPB examiners are described below.

Examinations of credit reporting companies (CRCs) found the following deficiencies:

  • CRCs failed to timely implement blocks of information after receiving the requisite information relating to an alleged identity theft, without otherwise making a reasonable determination with respect to
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Civil Law

EU Supervisory Authorities Led by the Belgian DPA Find IAB Europe’s TCF Infringes EU Data Protection Rules

On February 2, 2022, the Belgian Data Protection Authority (the ‘Belgian DPA’) imposed a number of sanctions against Interactive Advertising Bureau Europe (‘IAB Europe’), for alleged violations of the EU General Data Protection Regulation (the ‘GDPR’) by its Transparency and Consent Framework (the ‘TCF’).

TCF is developed by IAB Europe, in partnership with IAB Tech Lab.  It aims to help companies collect and transmit users’ preferences, including as to whether they agree to have their data processed for the purpose … Read the rest