Consumer Protection

  • August 10, 2018
    On Friday, August 10, 2018, the Bureau announced final amendments to implement legislation allowing financial institutions meeting certain requirements to be exempt from sending annual privacy notices to customers. In December of 2015, Congress amended the Gramm-Leach-Bliley Act​ (GLBA) as part of the Fixing America’s Surface Transportation Act (FAST Act). The amendment provided financial...
  • July 31, 2018
    July 31, 2018 The Honorable Bob Latta Chairman Subcommittee on Digital Commerce and Consumer Protection 2125 Rayburn House Office Building Washington, DC 20515 Dear Chairman Latta: We sincerely appreciate the opportunity to participate in your discussions over the last several months about data breach legislation. Data security breaches continue to put millions of consumers at risk, and we share...
  • June 6, 2018
    On Wednesday, June 6, 2018, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing on improving transparency and accountability at the Bureau of Consumer Financial Protection. In the Bureau’s Semi-Annual Report to the President and Congress in April, Acting Director Mulvaney requested that Congress enact four changes to establish greater...

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