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CFPB begins Section 1033 rulemaking
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Consumer Protection, Financial Stability, Government Oversight
Tuesday, November 15, 2022
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The Consumer Financial Protection Bureau (CFPB) has begun the rulemaking process to implement section 1033 of the Dodd-Frank Act. Under section 1033, a consumer financial service provider must make available to a consumer all information in the control or possession of the provider concerning the consumer financial products and services that the consumer obtained from the provider.
The beginning of this new rulemaking process is part of the CFPB’s long-term plan to enhance consumers’ personal financial data rights.
Read on for more details.
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