CFPB Proposes to Include Coerced Debt in the Definition of “Identity Theft”

What Happened? On December 9, the Consumer Financial Protection Bureau (“CFPB”) issued an advance notice of proposed rulemaking(“ANPR”), seeking stakeholder input regarding amending the definitions of “identity theft” and “identity theft report” in Regulation V, which implements the Fair Credit Reporting Act (“FCRA”)....
By: Alston & Bird

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