CFPB-PR-240228-1
Date Released: 
February 28, 2024
Headline:
CFPB-PR-240228-1 – CFPB Director Rohit Chopra Releases a Statement in Response to President Biden’s Executive Order To Protect Americans’ Sensitive Personal Data
Excerpt:
WASHINGTON, D.C. — Today, Consumer Financial Protection Bureau Director Rohit Chopra issued the following statement in response to President Biden’s Executive Order to protect Americans’ sensitive personal data from exploitation by countries of concern. The order focuses on rules to prevent the sale of bulk data to certain foreign entities and encourages the CFPB to consider taking steps to protect Americans from data brokers that are illegally assembling and selling extremely sensitive data, including that of U.S. military personnel. The CFPB has authority under the Fair Credit Reporting Act which covers entities that assemble and sell consumer data. Consistent with the executive order, the CFPB will propose rules to limit certain activities of data brokers, including those that sell personal data to those overseas.
https://www.consumerfinance.gov/about-us/newsroom/cfpb-director-rohit-chopra-releases-a-statement-in-response-to-president-bidens-executive-order-to-protect-americans-sensitive-personal-data/
[Date Accessed: 3/11/2024]
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