CFPB withdraws proposals on data brokers, digital payment mechanisms
The CFPB has withdrawn two proposed rules concerning data brokers and digital payment mechanisms. Both were proposed after the 2024 ...
Tag: Data privacy
ABA, associations: National data privacy law must recognize existing protections
ABA and six banking and credit union associations said they support legislation to establish national data privacy standards as long ...
ABA: Proposed data broker rule would harm fraud prevention efforts
A proposed rule by the CFPB to expand consumer reporting regulations to consumer-identifying information would reduce banks’ ability to detect ...
AI for Banks: A Starter Guide for Community and Regional Institutions
SPONSORED CONTENT PRESENTED BY JACK HENRY Your bank has built trust by focusing on relationships, efficiency, and empowering customers. Today, ...
Survey: Financial institution executives dubious about CFPB’s data-sharing rule
Roughly a third of bank and credit union executives believe the CFPB’s financial data sharing rule won’t benefit their institutions ...
Justice Department issues rule to protect bulk personal data from foreign actors
Routine financial activities are exempted from the rule, but for banks, it still may cover third-party vendors operating in countries ...
CFPB recognizes FDX as open banking standard-setting body
The CFPB announced it has officially recognized the Financial Data Exchange as a standard-setting body under the bureau’s financial data-sharing ...
FHA extends deadline for lenders to report cybersecurity incidents
FHA announced that approved lenders will have 36 hours to report a cybersecurity incident to HUD instead of 12 hours, ...
CFPB proposes new requirements for data brokers
The CFPB proposed a new rule to expand existing federal protections for consumer data to certain activities by data brokers.
CFPB urges states to reconsider exemptions for financial data in privacy laws
Several states have recently passed data privacy laws with exclusions for data collected by banks and other financial institutions, and ...
