Federal lawmakers unveiled a sweeping new plan Sunday aiming to institute new data privacy and collection rules that include requiring tech platforms to reveal their data collection and sharing practices, grant new data ownership and transport rights to individuals and require that privacy policy statements be shared in clear and easy-to-understand language.
In the ever-evolving landscape of data privacy, states across the U.S. are taking bold steps to protect consumer rights and regulate the handling of personal data. New Jersey, New Hampshire and Kentucky recently signed comprehensive privacy laws—the first three in 2024 to do so.
On April 2, at an event at the White House on Data Protection and National Security, CFPB Director Rohit Chopra’s articulated potential changes to the data security regulation landscape and noted that the Bureau is considering rules to amend the Fair Credit Report Acting, tightening the regulation of data brokers that trade in sensitive consumer data.
The Consumer Financial Protection Bureau (CFPB) on Friday issued a report indicating that it is taking a closer look at the impact of “discount points” on mortgage transactions, noting that use of the practice has picked up over the past two years with undetermined value for mortgage borrowers.
On March 13, 2024, Utah enacted the Utah Artificial Intelligence Policy Act (UAIP), which imposes certain disclosure requirements on entities using generative AI tools with their customers, and limits an entity’s ability to “blame” generative AI for statements or acts that constitute consumer protection violations.
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