CFPB And NLRB Enter Information Sharing Agreement

On March 7, the CFPB and the NLRB announced that they entered into an information sharing agreement to better protect consumers and address practices that harm workers in specific labor markets. The agreement further supports both agencies' collaborated efforts to protect consumers and worders under both consumer financial protection laws and the NLRA. This follows upon the CFPB's prior efforts to investigate consumer risks in the workforce, specifically from employers. These efforts unveiled specific issues consumers could face in the work force, including:

• Employer surveillance of and profit from personal data: employees may be tracked by employer surveillance tools – inside and outside of working parameters – without their knowledge or consent. Further, such collected data may be sold to other institutions by the employer.