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ARTICLE · 29 OCTOBER 2024

CFPB Finalizes Personal Financial Data Rights Rule

Goodwin Procter LLP
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In this issue. The Consumer Financial Protection Bureau (CFPB) finalized its Personal Financial Data Rights Rule; the CFPB issued a Consumer Financial Protection Circular...

United StatesFinance and Banking
Josh Burlingham
Josh Burlingham
Samantha Kirby
Samantha Kirby
William McCurdy
William McCurdy
Nikki Cary
Nikki Cary
Andrew Kliewer
Andrew Kliewer
Serene Qandil
Serene Qandil
Nico Ramos
Nico Ramos
Jiabao (Eva) Xu
Jiabao (Eva) Xu

In this issue. The Consumer Financial Protection Bureau (CFPB) finalized its Personal Financial Data Rights Rule; the CFPB issued a Consumer Financial Protection Circular (Circular) clarifying application of the Fair Credit Reporting Act (FCRA) to users and furnishers of consumer reports for employment purposes; the Office of the Comptroller of the Currency (OCC) finalized revisions to its recovery planning guidelines (Guidelines); the Federal Deposit Insurance Corporation (FDIC) Board of Directors released its semiannual update on the Deposit Insurance Fund (DIF) Restoration Plan (Plan); the FDIC extended the compliance date for subpart A of the official signs and advertising requirements rule; and the FDIC issued the 2025 notice of designated reserve ratio (DRR). These and other developments are discussed in more detail below

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