Joint Trades Letter regarding CFPB’s Proposed Rulemaking on Personal Financial Data Rights

The Consumer Bankers Association, Bank Policy Institute, The Clearing House Association, and the American Bankers Association are writing to provide additional information relevant to the Bureau’s Proposed Required Rulemaking on Personal Financial Data Rights issued pursuant to section 1033 of the Dodd-Frank Act and the proposed compliance dates set forth therein in light of more recent implementation planning efforts of our members and the CFPB’s recent issuance of a final rule setting forth the procedures under which a standard-setting body may apply for and obtain CFPB recognition.

Read the full letter HERE.