The Bureau of Consumer Financial Protection (BCFP) is moving to eliminate two records systems – the Judicial and Administrative Filings Collection and Interstate Land Sales Registration Files. Notices are scheduled to publish in the Federal Register Friday, each with a 30-day comment period attached.
The collection on judicial and administrative filings was intended to address a potential collection of publicly available personally identifiable information contained in formal judicial and administrative filings, or other formal actions that have reached final judgment, involving financial frauds against consumers. The collection would have been used in identifying repeat offenders and prosecuting cases based on these types of frauds, and access to the records would have been limited to state and federal agencies for law enforcement purposes. However, the bureau says no files or information were ever collected.
The Interstate Land Sales Registration Program (ILS Program) was developed as required by the Interstate Land Sales Full Disclosure Act of 1968. Originally, the Department of Housing and Urban Development (HUD) maintained the ILS Program; ownership of this program transferred from HUD to the bureau as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The bureau notes that while the ILS Program contains certain kinds of personally identifiable information, it does not collect individual identifiers on which searches are conducted.