Senator John Kennedy (R-LA) introduced the "Protecting Investors' Personally Identifiable Information Act." The legislation would exclude personally identifiable information from Consolidated Audit Trail reporting requirements.
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In testimony before the Senate Committee on Banking, Housing and Urban Affairs, SEC Chair Jay Clayton described progress on the agency's FY 2019 initiatives.
The House Financial Services Committee considered several bills intended to address and prevent predatory debt collection practices.
The Senate Banking Committee considered data protection and other concerns raised about the consolidated audit trail system.
CFPB Director Kathleen L. Kraninger testified before the House Financial Services Committee on regulatory developments at the agency.