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CFPB RIN: 3170-AA78 Publication ID: Spring 2018 
Title: Consumer Access to Financial Records 

In recent years, the availability of consumer financial account data in electronic form, often in real time or near real time, has helped consumers understand and control their financial lives in a variety of ways. At the same time, the means by which data is accessed, transmitted, stored, and used can implicate significant privacy, security, and other consumer protection concerns. Section 1033 of the Dodd-Frank Act provides that subject to rules prescribed by the Bureau, covered persons shall make available to consumers upon request transaction data and other information concerning a consumer financial product or service that the consumer obtains from a covered person. Section 1033 also states that the Bureau shall prescribe by rules standards to promote the development and use of standardized formats for information made available to consumers. In November 2016, the CFPB issued a Request for Information seeking comment from the public to better understand the consumer benefits and risks associated with market developments that rely on access to consumer financial account and account-related information. In October 2017, the Bureau issued Consumer Protection Principles for Consumer-Authorized Financial Data Sharing and Aggregation to express the Bureau’s vision for the data aggregation market. As the Bureau continues to monitor market developments, the Bureau will evaluate possible policy responses to issues identified, including potential rulemaking. Possible topics for consideration might include specific acts or practices and consumer disclosures. In addition, the Bureau will consider whether clarifications or adjustments are necessary with respect to existing regulatory structures that may be implicated by current and potential developments in this area.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Action Date FR Cite
Next Action Undetermined  To Be Determined 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jane Raso
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700