Tag: CFPB

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Why banks need to act now or risk non-compliance with new Consumer Financial Protection Bureau (CFPB) guidance

If the gauntlet hadn’t been thrown before to protect financial and banking customers’ data, it’s definitely lying on the floor now. The recent circular bulletin from the CFPB makes it clear that financial institutions can’t slow-walk any security upgrades: “Inadequate security for the sensitive consumer information collected, processed, maintained, or stored by the company can