Posts Tagged ‘GLBA’
The Financial Services Roundtable (FSR) and its technology policy division, BITS, today responded to the CFPB’s request for information concerning consumers’ access to aggregated financial account and account-related data. In its response letter, FSR/BITS highlighted the importance of innovation and collaboration while outlining five core elements policymakers, market participants, and the Bureau should consider in assessing this evolving ecosystem.
Calls for Washington lawmakers to address gaping holes in the nation’s cybersecurity laws are gaining notable traction with lawmakers this spring as both the House and Senate are developing bills aimed at heightening consumer protections.
All industries have a duty to protect customer information, and national data breach notification legislation that includes high data security standards is needed as cyberattacks increase. The Financial Services Roundtable (FSR) issued a statement today in reaction to a House Energy and Commerce subcommittee hearing examining legislation to address data breaches