CFPB Advances Work on Consumer Financial Data Ownership
As promised, the CFPB today issued an ANPR renewing work on the strategy-critical question of who owns consumer financial data. The CFPB previously issued data-sharing and aggregating principles under former Director Cordray (see FSM Report FINTECH14) stating that consumers have personal data-ownership rights without building these out to clarify what these principles mean in practice.

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