By Karen Petrou
On February 13, bipartisan Senate Banking leadership asked for views on how best to craft a new consumer-data privacy and security framework. Reflecting 2017’s Equifax debacle, the inquiry seems rooted in the credit-reporting framework. Essential though it is, data-integrity fixes for the credit bureaus aren’t anywhere near sufficient protection now that consumer financial data are increasingly clutched in the hands of Facebook, Amazon, Google, and an array of lightly- or un-regulated technology-based consumer-finance providers. As we have demonstrated, sustainable, sound, and fair consumer credit is critical to economic equality. Continue reading “Hard Questions on Data Privacy”