Sen. Ed Markey (D-Mass.) weighed in today on the importance of security of customers’ financial data when they share it with third parties.
Browsing: Customer data access
The CFPB today issued policy guidance on the loan-level Home Mortgage Disclosure Act data it will make available to the public under the revised HMDA data collection rules, which take effect in 2018.
ABA today submitted comments to the National Association of Insurance Commissioners on its draft of the insurance data security model law, which would establish data security and data breach notification standards for insurance licensees (insurers and insurance agencies).
Banks are actively developing ways to facilitate safe and secure data transmission via application programming interfaces.
The Sheltered Harbor initiative — an industry effort to improve sector-wide resilience in the face of a cyberattack — this week launched its website, ShelteredHarbor.org.
In a comment letter to the Consumer Financial Protection Bureau today, ABA offered several recommendations for protecting consumers’ financial information when it is being voluntarily shared with third party data aggregators.
The Securities and Exchange Commission will place an increased focus on automated investment advice in 2017, including “robo-advisers,” as part of its objective to protect retail investors, the agency said today.
Security of customers’ data and financial accounts must always be the first consideration when considering how customers may provide third-party access to their account information, ABA VP Rob Morgan said in an American Banker op-ed today.
ABA today wrote to Rep. Scott Tipton (R-Colo.) supporting a bipartisan bill that would allow banks — with a customer’s consent — to record personal information by swiping a customer’s driver’s license or personal identification card.
Consumer Financial Protection Bureau Director Richard Cordray today acknowledged that there are many unanswered questions about the security and technology of allowing consumers to provide third parties access to their personal financial data.