In a comment letter last week, the American Bankers Association urged the Consumer Financial Protection Bureau to operate transparently in its collection and use of data and to adopt safeguards to ensure it does not order the production of data that is overly broad, voluminous or duplicative.
Browsing: CFPB reform
Newly sworn-in Consumer Financial Protection Bureau Director Kathy Kraninger will focus on data security and privacy in her early days in office, she said at a press briefing on her first day at the bureau this afternoon.
The Consumer Financial Protection Bureau is proposing changes to its so-called no-action letter policy and proposing to establish a regulatory sandbox that would encourage banks to test new, innovative financial products.
The Senate by a vote of 50 to 49 today confirmed Kathy Kraninger to a five-year term as director of the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau will likely issue a rule to define what kinds of practices it considers “abusive” under the Dodd-Frank Act, providing greater clarity to the controversial UDAAP standard created by the statute, Acting Director Mick Mulvaney said today.
The American Bankers Association this week joined the U.S. Chamber of Commerce and the Consumer Bankers Association in urging the Consumer Financial Protection Bureau to support banks and other businesses seeking to test new disclosures that may be clearer and more understandable than existing, legally required ones.
The Consumer Financial Protection Bureau has issued a request for information seeking feedback on its collection and treatment of consumer data as it assesses whether changes to its current practices are needed.
The Consumer Financial Protection Bureau today announced the appointment of all-new panels on its advisory boards, including the Community Bank Advisory Council.
Five years after the Consumer Financial Protection Bureau finalized a policy for trial consumer disclosures that saw exactly zero such disclosures authorized, the bureau is retooling its policy to encourage more companies to develop trial disclosures.