FTC, CFPB Setting Sights On 'Big Data' Enforcement

Law360, New York (May 11, 2015, 7:27 PM EDT) -- Federal Trade Commission and Consumer Financial Protection Bureau officials vowed Monday to keep pressure on technology companies, telecoms and banks that amass and use large consumer data sets, saying the Fair Credit Reporting Act and other existing authorities were sufficient to allow them to crack down on potential consumer harms.

During an event hosted by U.S. PIRG and the Center for Digital Democracy, FTC Bureau of Consumer Protection Director Jessica Rich and CFPB Office of Supervision Policy Assistant Director Peggy Twohig laid out their agency's approaches to regulating the potential privacy and data security risks posed by "big data," or the...

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