CFPB's Newest Hook On Big Tech May Be 1970s Data Law
By Jon Hill (November 16, 2021, 9:48 PM EST) -- Consumer Financial Protection Bureau Director Rohit Chopra is raising questions about whether a 50-year-old law governing the consumer reporting industry might give the agency another way to exercise jurisdiction over Big Tech companies and their business practices.
In recent weeks, the Fair Credit Reporting Act, or FCRA, has begun cropping up in Chopra's public comments about large technology companies like Google and Apple that possess enormous quantities of data on consumers and operate payment platforms that process billions of dollars in consumer transactions.
Although the FCRA is better known as the law that regulates the activities of traditional credit bureaus, background...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!