In the latest episode of The Consumer Finance Podcast, a discussion was held regarding the Consumer Financial Protection Bureau’s (CFPB’s) intention to propose new rules under the Fair Credit Reporting Act (FCRA). You can find the podcast here.
This episode presents the third part of a special series focusing on the CFPB’s rulemaking process. The expert panel consisted of Troutman Pepper Partners Chris Willis, Dave Gettings, Kim Phan, Ethan Ostroff, and Ron Raether, who shared their insight into the potential regulations and their impact on various entities.
The discussion touched upon the potential regulations targeting data brokers. The participants provided insight into how regulating data brokers under the FCRA might influence not only data brokers but users, consumer reporting agencies, and resellers as well.
Gaining a thorough understanding of the CFPB’s intended rule-making under the FCRA is crucial for legal professionals working in commercial firms and corporations, particularly those dealing with consumer finance and data privacy. It will help prepare them for the legal implications that could arise due to these potential new rules.
To delve deeper into the insights shared by Chris Willis, Dave Gettings, Kim Phan, Ethan Ostroff, and Ron Raether, tune into the podcast for a comprehensive discussion.