Comments Due to NAFCU: CFPB - Personal Financial Data Rights (Section 1033)

Important Regulatory Dates Add to Calendar 2023-12-01 17:00:00 2023-12-01 17:00:00 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 Comment now   NAFCU will send comments on behalf of its members to the CFPB by its deadline (December 29, 2023). Location NAFCU digital@nafcu.org America/New_York public

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

Comment now  

NAFCU will send comments on behalf of its members to the CFPB by its deadline (December 29, 2023).