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ARTICLE · 11 JUNE 2025

House Subcommittee Considers Modernizing Financial Services Under A National Privacy Framework

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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On Thursday, the U.S. House Committee on Financial Services Subcommittee on Financial Institutions held a hearing entitled, ​"Framework for the Future: Reviewing Data Privacy in Today's Financial System."

United StatesPrivacy
Laura Riposo VanDruff
Laura Riposo VanDruff
Andrea DeLorimier
Andrea DeLorimier

On Thursday, the U.S. House Committee on Financial Services Subcommittee on Financial Institutions held a hearing entitled, "Framework for the Future: Reviewing Data Privacy in Today's Financial System." Hearing testimony explored whether there is need for a federal privacy statute and how the financial services industry, which is already regulated by the Gramm-Leach-Bliley Act ("GLBA") and other sector-specific statutes, would fit into such a standard.

Witnesses included Scott Talbott (Executive Vice President, Electronic Transactions Association), Andrew Morris (Director of Innovation and Technology, America's Credit Unions), Rebecca Kuehn (Partner, Hudson Cook), Jennifer Huddleston (Fellow in Technology Policy, Cato Institute), and Zoë Strickland (Senior Fellow, Future of Privacy Forum).

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