Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CFPB codifies info-protections for FIs
WASHINGTON (6/29/12)--Protections for private information that financial institutions and others submit to the Consumer Financial Protection Bureau (CFPB) are codified under a new CFPB final rule.

The rule seeks to ensure that groups or individuals that supply information to the CFPB do not waive their right to privacy protections, and clarifies that these protections would remain intact when privileged information is transferred from the CFPB to other federal or state agencies.

CFPB Director Richard Cordray said the rule "supports the free flow of information that is essential to an effective supervision program." Cordray said his agency is "committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and protect consumers."

For the CFPB release, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Thurs., @FinancialCmte subcommittee hearing on small FI reg burden from regulators' view.9:15 http://t.co/pLtTFJTmME http://t.co/WATKQuMcyM
18 minutes ago
Also in @TheNCUA Report, an economic breakdown that includes this chart. http://t.co/woozCPd7cA http://t.co/RIdNhbqiFh
30 minutes ago
.@TheNCUA's J. Mark McWatters reflects on his first #CUNAGAC in this month's NCUA report. http://t.co/M5AFC9J9QL
1 hour ago
.@symantec : 59% of compromised info linked to retailer breaches #NewsNow http://t.co/7pvCs6S6xJ
1 hour ago
.@CUNA's Ryan Donovan discusses House and Senate activities CUNA will be following this week. https://t.co/CVZimYWrc5
1 hour ago