CFPB Asserts New Authority Over Data Security Practices
Collection Industry News
AUGUST 23, 2022
Financial institutions that provide services to consumers are subject to the requirements of the Gramm-Leach-Bliley Act (GLBA). 5 Such harms are not reasonably avoidable to consumers, as information security programs are controlled or implemented by the financial institution, and the consumer has little say over these programs.
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