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ARTICLE · 08 SEPTEMBER 2016

Information Asymmetry: The CFPB Proposes Changes To The Rules Governing Confidential Information

Mayer Brown
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The Consumer Financial Protection Bureau (CFPB) recently proposed changes to its rules governing confidential information.

United StatesConsumer Protection
Ori Lev
Ori Lev
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The Consumer Financial Protection Bureau (CFPB) recently proposed changes to its rules governing confidential information. The proposed rules would restrict recipients of civil investigative demands (CIDs) from voluntarily disclosing the receipt of a CID, while at the same time giving the CFPB more leeway to disclose confidential supervisory information to other government agencies. The proposed simultaneous tightening and loosening of restrictions on the disclosure of confidential information can have important implications for parties subject to CFPB enforcement and supervisory jurisdiction, who should consider whether to submit comments, which are due by October 24, 2016.

Confidential Investigative Information—Limitations on Recipients of CIDs

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