The CFPB amended its procedures to clarify the situations in which the CFTC is likely to release publicly an enforcement decision or order, and to establish a process for respondents to object to such publication.
The CFPB outlined various proposals and alternatives under consideration for a rulemaking on personal financial data rights.
The CFPB warned that financial institutions and their service providers can be held liable for maintaining insufficient data protection or information security.
Multiple regulatory agencies published semiannual agendas that include rules the agencies are currently considering to propose or promulgate.
A custodial bank settled CFPB charges for (i) applying for lines of credit and opening deposit accounts on behalf of customers without their consent, (ii) obtaining consumer reports with personal information without justification, and (iii) pressuring employees into selling products to customers to meet predetermined sales goals.