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ARTICLE · 01 SEPTEMBER 2025

CFPB Returns To Rulemaking On Personal Financial Data Rights Rule 1033

Moore & Van Allen, PLLC
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Moore & Van Allen, PLLC

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On August 22nd, the Consumer Financial Protection Bureau (the "CFPB") published an advanced notice of proposed rulemaking (an "ANPR") relating to a reconsideration of the CFPB's current Personal...

United StatesFinance and Banking
Todd Taylor
Todd Taylor
Clara Ilkka
Clara Ilkka

On August 22nd, the Consumer Financial Protection Bureau (the "CFPB") published an advanced notice of proposed rulemaking (an "ANPR") relating to a reconsideration of the CFPB's current Personal Financial Data Rights Rule (the "Current PFDR Rule") that had been previously released in late 2024 pursuant to the authority of Section 1033 of the Dodd-Frank Act 1 . The Current PFDR Rule requires that data providers (i.e., banks and other financial institutions) make available to consumers and their authorized third parties (such as FinTech service providers) certain covered data in the data provider's control or possession concerning a covered consumer financial account.

The validity of the Current PFDR Rule has been challenged in litigation initiated by Forcht Bank, the Kentucky Bankers Association and the Bank Policy Institute. 2 In a motion to stay that litigation, the CFPB has previously signaled that it would be initiating new rulemaking reexamining the Current

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