On February 26, 2020, the Consumer Financial Protection Bureau hosted a symposium titled “Consumer Access to Financial Records.” Video of the Symposium is available here. The agenda included discussion among panelists from large financial institutions, fintechs, consumer groups, policy centers, and the CFPB. Director Kathleen L. Kraninger also delivered brief opening remarks describing the history of regulation of financial data access.
Much of the symposium’s discussion focused on Section 1033 of the Dodd-Frank Act, which governs consumers’ rights to access their financial data. While the CFPB has the authority to issue rules interpreting Section 1033, it has not done so (although it has issued non-binding “Consumer Protection Principles” on financial data sharing and aggregation).