The CFPB is tapped to provide regulatory clarity on an H.R. 22 provision, which aims to modernize privacy notice requirements.
A bill that would ease requirements to send members annual privacy notices awaits the president's signature.
Upper chamber gets companion measure to House-passed bill that would eliminate annual privacy notice mailing.
Tuesday night action repeats lame duck session passage in House. Next up is Senate, which didn't act on measure last session.
House again to vote on eliminating annual mailing after measure passed last year but got no Senate vote.
Measure passed House last year but died in the Senate; now on lower chamber's schedule for vote next week.
House passed privacy notice reduction legislation in December but Senate never took it up.
Senate now gets measure that would limit when financial institutions, including credit unions, have to provide privacy disclosures.
Congress is scheduled to call it a year on Friday but fiscal cliff negotiations might change that. Privacy notice bill scheduled for House vote today.