Under the 1986 Electronic Communications Privacy Act (ECPA), a file stored on a hard drive in your home has greater protection than information stored with a third-party.
Senator Sherrod Brown will hold hearings next Thursday, April 11 in the Subcommittee on Financial Institutions and Consumer Protection on the role of the third-party consultants in this process.
The commitment came in response to a question from a cross-party group of MEPs on 15 February 2012 on the impact of third country legislation on EU data protection laws.
In its first public enforcement action, the CFPB found that third-party call-center vendors of Capital One Bank pressured or misled customers into paying for payment protection and credit monitoring products when they activated their credit cards, according to a press release.