In the wake of the recent publicity about data breaches at several major retailers, the CFPB has issued a consumer advisory. Written in easy to understand language, the advisory describes steps consumers can take to protect themselves if their data was part of a breach.
The advisory illustrates the useful role the CFPB can serve in helping consumers protect their financial well-being. The CFPB should be commended for recognizing the public’s need for practical information about data breaches and acting promptly to provide that information.