The Consumer Financial Protection Bureau and Privacy

On January 24, 2011, the BNA Privacy & Security Law Report published an article by AGG Partner Robert R. Belair entitled, “The Consumer Financial Protection Bureau and Privacy.” The Dodd-Frank Wall Street Reform and Consumer Protection Act that President Obama signed into law in 2010 created a new federal regulatory entity with a central mission of “mak[ing] the markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.” In the article, Mr. Belair analyzes the newly created Consumer Financial Protection Bureau’s jurisdiction and powers and special areas of likely privacy impact, including the Fair Credit Reporting Act and Title V of the Gramm-Leach-Bliley Act. He discusses how the CFPB may complete transform the protection of personal privacy.