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CFPB RIN: 3170-AA78 Publication ID: Spring 2024 
Title: Required Rulemaking on Personal Financial Data Rights 
Abstract:

Section 1033 of the Consumer Financial Protection Act (CFPA) provides that, subject to rules prescribed by the CFPB, 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 CFPB must prescribe by rule standards to promote the development and use of standardized formats for information made available to consumers. The CFPB released a Notice of Proposed Rulemaking in October 2023.

 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1001    12 CFR 1033   
Legal Authority: 12 U.S.C. 5533    12 U.S.C. 5481   
Legal Deadline:  None
Timetable:
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  03/30/2023 
NPRM  10/31/2023  88 FR 74796   
NPRM Comment Period End  12/29/2023 
Final Rule  10/00/2024 
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