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Daily Dashboard | Harvard researchers seek improved privacy for financial data Related reading: MedData data breach lawsuit settled for $7M



Researchers at Harvard University's Mossavar-Rahmani Center for Business and Government released a report outlining potential updates to U.S. regulatory frameworks for consumer financial data privacy. In addition to examining consumer protections in existing laws, the report also includes a proposal for the Comprehensive Consumer Financial Data Act. The researchers explained the proposal aims "to model our optimal set of consumer rights and business requirements, balancing the appropriate tradeoff."
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