Consumer Data Ownership
In 2010, Congress told the CFPB to determine how consumer-finance providers are to give consumers access to their data. Although the Bureau issued a 2017 statement of principle establishing ownership rights, the CFPB appears to be starting again from scratch with this ANPR.  While it initiates a potential rulemaking that could prove more binding, regulation to effectuate Congress’s directive remains far off given the sweep of issues on which the CFPB seeks comment.