Proposed CFPB Rules Allow for Wide Disclosure of Confidential Material
The CFPB's proposed rules for handling data sharing is under fire by credit union trade organizations.
By David Baumann |
Updated on October 24, 2016
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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.
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