CFPB launches inquiry into data broker practices
The Consumer Financial Protection Bureau this week issued a request for information as part of an inquiry into the business practices of data brokers.
Browsing: Data privacy
Practical data privacy compliance amid regulatory swirl
With more than 130 data protection regulations already in place, achieving and maintaining privacy compliance has become one of the most challenging imperatives in business today.
ABA urges caution on data privacy bill
In a memo to the House Financial Services Committee today, the American Bankers Association listed several concerns about a bill to modernize nationwide standards for financial data privacy.
ABA advocates for cautious approach on personal financial data rulemaking
ABA this week urged the CFPB to “tread carefully” as it drafts proposed data-sharing rules for businesses, warning that the agency could stifle innovation and risk consumers’ personal financial data if it introduces impractical requirements.
ABA urges FTC to consider positive aspects of consumer data collection
As the Federal Trade Commission explores a rulemaking to govern the collection of personal data for commercial purposes, it should consider the current landscape of federal and state laws on data security and avoid pursuing regulations that discourage innovation that has benefitted consumers in financial services, the American Bankers Association said Monday in comments filed with the agency.
CFPB unveils proposed data-sharing rules
The Consumer Financial Protection Bureau today outlined proposals under consideration that would require businesses to make a consumer’s financial information available to them or a third party at the consumer’s direction.
CFPB to begin soliciting small-bank input on data-sharing rule this week
Before issuing a proposed rule, the CFPB must convene a panel of small businesses that represent their markets to provide input.
OCC issues bulletin on video conferencing and data privacy
The OCC today issued a bulletin for community banks on the legal requirements for protecting non-public OCC information in video teleconferencing services.
Trades: Data aggregators should be subject to CFPB examination
ABA and seven national trade associations petitioned the Consumer Financial Protection Bureau today to initiate rulemaking to ensure that businesses that collect large amounts of consumer financial data are subject to the same oversight as financial institutions.
New Google Analytics 4 privacy controls help banks remain compliant
Balancing user privacy and convenience is full of tradeoffs, but GA4 makes it easier than ever to find the right mix based on your customers’ desires and local regulations.