Events listed in Consumer Financial Protection Act of 2010
Required Rulemaking on Personal Financial Data Rights
ID 25593
The Consumer Financial Protection Bureau, CFPB, has launched and published in the Federal Register a consultation on an entirely new Statutory Instrument, namely 12 CFR Part 1033, which would implement Section 1033 of the Consumer Financial Protection Act of 2010 primarily to require banks and depository institutions – which are referred to as „data providers“ in the draft – to provide consumers and authorized ...
OCC Issues Guidance on Overdraft Protection Programs
ID 22980
The Office of the Comptroller of the Currency, OCC, has published a new Bulletin (OCC Bulletin 2023-12) to provide guidance to supervised institutions as to their overdraft management practices, particularly in view of certain provisions of the Consumer Financial Protection Act of 2010 and Federal Trade Commission Act which prohibit deceptive and unfair practices in the (financial) market. Specifically, the Bulletin – describes the ...