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CFPB RIN: 3170-AA78 Publication ID: Fall 2022 
Title: Required Rulemaking on Personal Financial Data Rights 

Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provides that, subject to rules prescribed by the Bureau, a covered entity (for example, a bank) must make available to consumers, upon request, transaction data and other information concerning a consumer financial product or service that the consumer obtains from the covered entity.  Section 1033 also states that the Bureau must prescribe by rule standards to promote the development and use of standardized formats for information made available to consumers. In November 2020, the Bureau published an Advance Notice of Proposed Rulemaking (ANPRM) concerning implementation of section 1033, accepting comments until February 2021.  In October 2022, the Bureau released materials in advance of convening a panel under the Small Business Regulatory Enforcement Fairness Act (SBREFA), in conjunction with the Office of Management and Budget and the Small Business Administration’s Chief Counsel for Advocacy.  The Bureau’s next step in the rulemaking is to convene the SBREFA panel and issue a report summarizing feedback received from the panel. 

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 5533   
Legal Deadline:  None
Action Date FR Cite
Request for Information  11/22/2016  81 FR 83806   
Principles Statement  10/18/2017 
ANPRM  11/06/2020  85 FR 71003   
ANPRM Comment Period End  02/04/2021 
SBREFA Outline  10/27/2022 
SBREFA Report  02/00/2023 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Michael Scherzer
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700