The Consumer Financial Protection Bureau is providing a new forum for innovation – designated as Tech Sprints – to generate “actionable ideas” for reducing regulatory burdens and improving consumer understanding of financial services. Tech Sprints will be held virtually, and competing teams will work to realize identified goals. The first Tech Sprint, to be held October 5-9, 2020, will focus on “developing a range of innovative approaches to electronically-delivered adverse action notices” required under the Fair Credit Reporting Act and Equal Credit Opportunity Act. Squire Patton Boggs’ Security & Privacy // Bytes blog provides more information in a recent post.
