CFPB to Issue ANPR on Data Access Rights
The Consumer Financial Protection Bureau will issue an advance notice of proposed rulemaking later in the year on consumer-authorized access to financial records, according to an announcement today.
Browsing: Data privacy
How Privacy-Enhanced Technologies Can Make Financial Crime Compliance More Effective
Financial institutions will need to break out of old paradigms and adopt improved information sharing strategies that enable more efficient criminal investigations.
ABA: Banks Need Consistent Framework for Adopting AI Technologies
In a letter to the Office of Management and Budget, the American Bankers Association called for regulatory clarifications that would facilitate the adoption of artificial intelligence technologies by banks.
More State Privacy Laws Are Coming. Are You and Your Vendors Prepared?
If you’re in one of the states considering legislation like the California Consumer Privacy Act, or something similar, here are three places to start.
ABA Seeks Exemption for Banks from EIN Application Requirements for Trusts, Estates
The American Bankers Association wrote to the Internal Revenue Service last week seeking relief from certain aspects of the new IRS’ application process for obtaining an Employer Identification Number for trusts and estates of descendants.
ABA Calls for Changes to California Data Privacy Regulations
With a new privacy law set to take effect Jan. 1 in California, the American Bankers Association today called on the state’s attorney general to make changes to a set of proposed implementing regulations to help financial institutions comply while ensuring consumer protection.
ABA Outlines Key Elements for Inclusion in Federal Data Privacy Legislation
Ahead of a Senate Commerce Committee Hearing today, the American Bankers Association submitted a statement for the record outlining several key elements that should be included in potential data privacy legislation.
ABA Issues Recommendations to Promote Responsible Financial Data Sharing
In a statement submitted for the record in tomorrow’s House Financial Services Committee fintech task force hearing, ABA highlighted the importance of protecting consumers when they choose to share their financial data with third parties.
Keeping on Top of Changes in U.S. Privacy Laws
From Vermont to California, states are creating a patchwork of data privacy requirements. Complying with them need not be equally piecemeal.
Associations Call for Broad Collaboration on Privacy
As the National Institute of Standards and Technology works to develop a sector-wide privacy framework, ABA yesterday joined the Bank Policy Institute and SIFMA in a comment letter encouraging NIST to consider existing data privacy frameworks already in place for financial institutions and to work collaboratively with the private sector.