Sens. Mike Crapo (R-Idaho) and Sherrod Brown (D-Ohio) — the chairman and ranking member of the Senate Banking Committee, respectively — today asked for stakeholder feedback on how financial regulators and companies collect, use and protect sensitive consumer data. They asked stakeholders to provide feedback by March 15.
Specifically, Crapo and Brown asked for feedback on what could be done to give consumers more control over their data and ensure that customers are notified promptly of breaches; how to ensure that consumers receive adequate disclosure of what data is collected about them and how it is used or shared; and how credit reporting bureaus can best protect consumer data and ensure it is accurate, among other topics.
