The Federal Trade Commission (FTC) has announced a settlement with Cetergy Check Services, Inc., for failing to correct or delete inaccurate consumer information in a timely manner, violating provisions of the Fair Credit Reporting Act (FCRA). Hunton & Williams’ Privacy and Information Security Law Blog reports the agreement includes a $3.5 million civil penalty for the check-verification company due to “knowing violations…that constituted a pattern or practice of violations.” Meanwhile, the Future of Privacy Forum has recorded a podcast with Prof. Chris Hoofnagle about his essay “How the Fair Credit Reporting Act Regulates Big Data,” in which he points to consumer reporting as the first Big Data initiative and argues that use-based regulation hasn’t been effective.
Full Story