The Consumer Financial Protection Bureau (CFPB) has issued its Advance Notice of Proposed Rulemaking (ANPR) on Section 1033 regarding consumer access to financial data and open banking.
This rule could significantly impact how credit unions share and protect member data. We encourage credit unions to provide input, so your perspectives are reflected in the regulatory process:
For your reference, see an executive summary with key questions to consider as you review and prepare your feedback.
For more information, email Lisa Quaranta.
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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