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08/17/2022

CFPB: Financial companies must safeguard consumer data

CFPB Journal

The Consumer Financial Protection Bureau recently confirmed that companies without adequate safeguards to protect consumer data are at greater risk of being held liable under the Consumer Financial Protection Act. 

The Consumer Financial Protection Bureau recently confirmed that companies without adequate safeguards to protect consumer data are at greater risk of being held liable under the Consumer Financial Protection Act. 

According to an Aug. 11 circular, failing to implement the following data security measures places companies at risk:

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