Compliance, Regulatory Requirements 30 Jan 2025 regulatory compliance, privacy, federal trade commission, consumer data, general motors, onstar

📜FTC's Proposed Consent Order on GM Data Use and Consumer Privacy

The consent agreement in this matter settles alleged violations of Federal law prohibiting unfair or deceptive acts or practices. The attached Analysis of Proposed Consent Order to Aid Public Comment describes both the allegations in the complaint and the terms of the consent order--embodied in the consent agreement--that would settle these allegations.

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Regulatory Requirements, Consumer Trends 15 Jan 2025 regulatory compliance, financial services, consumer financial protection bureau, data privacy, financial technology, consumer data

🔍CFPB Seeks Comments on Consumer Financial Data Collection Practices

The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public to better understand how companies that offer or provide consumer financial products or services collect, use, share, and protect consumers' personal financial data, such as data harvested from consumer payments. The submissions in response to this request for information will serve to assist the CFPB and policymakers in further understanding the current state of the business practices at these companies and the concerns of consumers as the CFPB exercises its enforcement, supervision, regulatory, and other authorities.

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