CFPB Unveils Plans for Data Broker Rulemaking; White House Convenes Roundtable
Summary
Alongside a White House roundtable on August 16, 2023, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra unveiled the agency’s plans to propose rules requiring data brokers and other companies in the surveillance industry to be covered by the Fair Credit Reporting Act (FCRA). The agency plans to first seek feedback from a group of small businesses before issuing a formal rulemaking. In particular, the proposal would address use of such data to train AI, including the development of generative AI chatbots, among other things. According to a White House readout, a number of privacy and civil rights groups also participated in the meeting, including the Center for Democracy and Technology (CDT), Public Citizen, the Electronic Privacy Information Center (EPIC) and the Leadership Conference.
