Consumer Financial Protection Bureau

Privacy and Consumer Groups Support CFPB’s Use of Data

CFA and other advocacy organizations support the Consumer Financial Protection Bureau’s (CFPB) acquisition and analysis of commercial databases to help it ensure the public is fairly treated by the financial marketplace. As leaders of consumer and privacy organizations, we agree that the CFPB needs to use the wide range of data available to financial institutions and services in order to identify best practices and necessary safeguards.