Comments due: CFPB (advance notice of proposed rule making; consumer access to financial records)
February 4, 2021
The Consumer Financial Protection Bureau (CFPB) invites comments on an advance notice of proposed rulemaking (ANPR) addressing requirements under section 1033 of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) that the bureau issue rules prescribing that a consumer financial services provider make available to a consumer information in the control or possession of the provider concerning the consumer financial product or service that the consumer obtained from the provider. The ANPR seeks comments and information on costs and benefits of consumer data access, competitive incentives, standard-setting, access scope, consumer control and privacy, and data security, and accuracy.
Reg lookup: Consumer access to financial records