Consumers’ use of their own financial data and how technology companies’ activities may require consumer reporting are two rules under consideration by the federal consumer financial protection agency, its director indicated Wednesday.
Speaking to a meeting of state attorneys general in Des Moines, Iowa – in a speech mostly focused on the issuance of an interpretive rule by the agency, also Wednesday, focusing on digital marketing and advertising – Chopra said the agency was working on new rules using a long-unused authority to give consumers more control of their financial data. He offered no additional details.
He said the agency was also examining “how certain activities of technology companies might constitute consumer reporting under the Fair Credit Reporting Act.” He, again, offered no additional details.