CFPB to beef up enforcement staff to police ‘surveillance economy’
By 
Aaron Nicodemus2023-10-30T22:25:00
The Consumer Financial Protection Bureau (CFPB) plans to expand its enforcement efforts to protect consumers from misuse of their personal data, which businesses collect and then use to make decisions on loans, credit, housing, employment, and more.
CFPB Enforcement Director Eric Halperin discussed the agency’s enforcement activities during a speech Thursday at a National Consumer Law Center conference. He noted his office will be adding 75 new full-time employees as part of its expansion.
Halperin said the agency’s enforcement efforts are ramping up in response to risks created by what he described as the “surveillance economy.”
Related articles
-
News BriefCFPB lawsuit: Rent-a-Center affiliate used dark patterns to trick customers
A nationwide rental outlet affiliated with Rent-a-Center and its chief executive have been sued by the Consumer Financial Protection Bureau for allegedly deceiving five million consumers about the terms of credit agreements.
-
News BriefPayPal off hook in CFPB probe into Venmo fund transfers
Digital wallet company PayPal disclosed it won’t face enforcement regarding a Consumer Financial Protection Bureau probe into its subsidiary Venmo.
-
News BriefCFPB rule streamlines nonbank supervision designation process
The Consumer Financial Protection Bureau continued its push to establish supervisory authority over more nonbank financial companies with the adoption of a procedural rule to streamline the process for such designations.
More from Regulatory Enforcement
-
ArticleGeorgia Tech to pay $875,000 for allegations brought by compliance officers
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
-
ArticleTractor Supply Company hit with $1.35M fine for alleged California privacy violations
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
-
Basic PageLuminUltra fined $685K by BIS for illegal shipment to Iran
A single $33,000 shipment to Iran triggered a six-figure penalty and years of compliance oversight for biotechnology company LuminUltra Technologies, Inc.