The CFPB's proposed rules governing the handling of data would allow the agency to disclose to non-credit union regulators information that should remain confidential, credit union trade groups said in comments filed last week.
The bureau should be prohibited from collecting information from credit unions and sharing it with any agency besides the NCUA, NAFCU Regulatory Affairs Counsel Andrew Morris wrote in reacting to the proposed rules.
For instance, NAFCU officials question whether the CFPB should be permitted to disclose confidential information to organizations such as state bar associations. CUNA officials agreed.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
