CFPB Proposes Changes to Disclosure of Records, Information

The Consumer Financial Protection Bureau on Wednesday proposed amendments to the procedures used by the public to obtain information under the Freedom of Information Act, the Privacy Act of 1974 and in legal proceedings. The proposed amendments also address the confidential treatment of information obtained by the bureau in the course of its rulemaking, research and examination activities.

ABA is seeking input from banks concerned about the confidentiality provisions of this rule, particularly with respect to the protection and dissemination of information provided by banks to the bureau. Feedback will help ABA develop its comment letter and advocacy in response to the proposal. For more information or to provide feedback, contact ABA’s Anjali Phillips.