WASHINGTON, Aug. 22 -- Consumer Financial Protection Bureau has issued a proposed rule called: Personal Financial Data Rights Reconsideration.
The proposed rule was published in the Federal Register on Aug. 22 by Russell Vought, Acting Director, Consumer Financial Protection Bureau.
Summary: The Consumer Financial Protection Bureau (CFPB or Bureau) is seeking comments and data to inform its consideration of four issues related to implementation of section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). These issues are: the proper understanding of who can serve as a "representative" making a request on behalf of the consumer; the optimal approach to the assessment of fees to defray the costs incurre...