2“Prepared Remarks of CFPB Director Rohit Chopra at the Federal Reserve Bank of Philadelphia on the Personal Financial Data Rights Rule” (Oct. 22, 2024). 3Required Rulemaking on Personal Financial Data Rights; Industry Standard-Setting, 89 Fed. Reg. 49,084 (June 11, 2024). 412 C.F.R....
Consumer Financial Protection Bureau Director Rohit Chopra made two appearances yesterday to announce the release of the Bureau’s latest rulemaking,known as Section 1033. The rule governs how consumers access their financial data and how that data is protected. The Director made several statements in...
the CFPB haspublishedprinciples for consumer-authorized access and use of consumer financial information, obtained consumer and industryopinionson the developing market for consumer-authorized financial data sharing, issued an advance notice ofrulemakingfor the open banking rule, and added the ...
Almost exactly a year after issuing a Notice of Proposed Rulemaking (NPRM) on Personal Financial Data rights, on October 22, 2024 the Consumer Financial Protection Bureau (CFPB) issued its final Rule under Section 1033 of the Consumer Financial Protection Act. The Rule, also referred to as the...
Getting involved in the rulemaking process is crucial for shaping financial regulations that work for everyone. Whether it’s joining an industry group or simply sending an email to your Congressperson, your voice matters, says Chris. During comment periods, when new rules are being discussed, mak...
1https://www.consumerfinance.gov/rules-policy/final-rules/required-rulemaking-on-personal-financial-data-rights/. 2https://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-personal-financial-data-rights-rule-to-boost-competition-protect-privacy-and-give-families-more-choice-in-...
In the wake of the CFPB’s final1033 Rulemaking, FDX is in the process of updating a consensus standard data format that aligns with relevant portions of the Rulemaking and supports compliance. The CFPB’s recognition comes at a critical time, with the re...
Beginning with a2016 Request for Information, the CFPB has taken several steps to develop rules to implement Section 1033. Among other steps, the CFPB released a related set ofconsumer protection principles in October 2017; anadvanced notice of proposed rulemaking in October 2020; a relatedreport ...
On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) published its long-awaitednotice of proposed rulemaking (NPRM)for personal financial data rights under Dodd-Frank Act Section 1033. We believe that the success of the financial industry, future innovation, and the financial health...
HMDA implementation resources aimed at HMDA reporters, but useful for data users Institutional and transactional coverage charts Regulatory and reporting overview charts by year Bureaus user-friendly version of Regulation C Execut 49、ive summaries of the Bureaus Regulation C rulemaking activities 44Thank...