Equifax data breach news was overheard by senior financial manager, Dishinger. The SEC alleged Dishinger knew the information about Equifax was material and tipped off Lawrence which was a violation of her obligations to her employer. The SEC is suing for insider trading.
CFPB Advisory Opinion Underscores FCRA s Privacy Protections, Applicable to Consumer Reporting Agencies and Users of Consumer Reports | Epstein Becker & Green jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
The advisory opinion clarifies that permissible purposes under the Fair Credit Reporting Act the FCRA are consumer specific and highlights that a person who uses or obtains a consumer report is strictly prohibited from doing so without a permissible purpose under the FCRA.
On July 7, 2022, the CFPB addressed the FCRA’s permissible purpose provision in an advisory opinion. Both CRAs and consumer report users should take notice. By way of.