Comments Due to NAFCU: CFPB - Personal Financial Data Rights (Section 1033)
NAFCU would like to highlight the following:
- The proposal would require credit unions and other “covered data providers” to make available to consumers and authorized third parties certain data relating to consumers’ transactions and accounts.
- The proposal would establish obligations for third parties accessing a consumer’s data, including privacy protections for that data.
- The proposal would provide basic standards and disclosure requirements for data access.
Comments due to NAFCU: December 1, 2023
Comments due to CFPB: December 29, 2023
NAFCU will send comments on behalf of its members to the CFPB by its deadline (December 29, 2023).