Bankers Cry Foul Over CFPB Overdraft Data Collection | American Banker


It’s interesting to compare the scrutiny that the CFPB receives in collecting non-personal information from financial institutions with the lack of scrutiny national security agencies receive collecting personal information. Of course, one stakeholder has a well-funded dedicated advocacy organization. The other does not.

The Consumer Financial Protection Bureau is making an end-run around existing regulations to collect new data on overdraft programs, the American Bankers Association claims.

Source: Bankers Cry Foul Over CFPB Overdraft Data Collection | American Banker

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s