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.
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.
The American Bankers Association yesterday joined the Bank Policy Institute and the Securities Industry and Financial Markets Association in offering feedback on the National Telecommunications Information Administration’s plan to develop a federal consumer data privacy framework.
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau today released a new loan-level set collected through its National Survey of Mortgage Originations.
The American Bankers Association this morning unveiled new data showing that nearly 9 in 10 Americans (86 percent) say they are “very satisfied” or “satisfied” with their primary bank.
Ahead of a Senate Commerce Committee hearing on consumer data privacy today, ABA in a statement submitted for the record called on lawmakers to consider the existing set of privacy laws banks adhere to when drafting new federal privacy legislation.
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.
With the General Data Protection Regulation — the European Union’ new regulation governing the use of EU personal data — taking effect today, ABA has developed several resources bankers can use to help them approach compliance.