Companies are collecting and monetizing larger quantities and various types of data concerning consumers’ economic lives and behaviors, the Consumer Financial Protection Bureau (CFPB) has noted. And this is being done in ways that consumers may not have not consented to, without meaningful choice in how the information is used,
CFPB report says federal privacy law needs to keep pace with states
The CFPB’s report underscores its commitment to addressing growing data privacy challenges and consumer expectations of how they will be handled by businesses.