Expanding the FCRA to Data Brokers

The discussion dives into the CFPB’s groundbreaking proposal to extend the Fair Credit Reporting Act to data brokers. Co-hosts unravel the potential reshaping of consumer reporting by redefining key terms, highlighting significant implications for privacy. The risks surrounding de-identified data are scrutinized, showcasing the need for stringent consumer protection. Finally, they examine how these new regulations could impact consumer consent and marketing practices, raising urgent questions about transparency and state-level compliance.