On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued an advance notice of proposed rulemaking (ANPR) with respect to a new consumer financial data portability rule mandated by Section 1033 of the...more
11/9/2023
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Banking Sector ,
Compliance ,
Compliance Dates ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Data Privacy ,
Data Processing Rules ,
Data Protection ,
Data-Sharing ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Nonbank Firms ,
Personal Data ,
Sensitive Personal Information ,
Third-Party Service Provider
On October 21, 2021, the CFPB sent orders to Amazon, Apple, Facebook, Google, PayPal, and Square requiring them to provide information about their current and planned payments products, practices, and data collection and...more
1/26/2022
/ Advertising ,
Apple ,
Behavioral Advertising ,
Big Tech ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Dodd-Frank ,
Facebook ,
FinTech ,
Google ,
Payment Systems ,
PayPal ,
Popular ,
Regulatory Agenda
On September 1, 2021, the CFPB issued a proposed rule that would add a new subpart to Regulation B, which implements the federal Equal Credit Opportunity Act (ECOA). The rule would implement Section 1071 of the Dodd-Frank Act...more
10/22/2021
/ Annual Reports ,
Biden Administration ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Covered Entities ,
Data Collection ,
Dodd-Frank ,
ECOA ,
Financial Institutions ,
Financial Services Industry ,
Loan Applications ,
Minority-Owned Businesses ,
Proposed Rules ,
Small Business ,
Women-Owned Businesses
On July 24, 2020, the Consumer Financial Protection Bureau (CFPB) announced plans to issue an advance notice of proposed rulemaking (ANPR) regarding consumer-authorized third party access to financial records. The...more