Chairman Hill, Vice-Chairman Huizenga Encourage CFPB to Maintain Consumer Choice and Strong Consumer Financial Data Privacy and Security Standards Under 1033 Rulemaking
Washington,
November 21, 2025
House Committee on Financial Services Chairman French Hill (AR-02) and Committee Vice-Chairman Bill Huizenga (MI-04) sent a comment letter to the Consumer Protection Financial Bureau (CFPB) as part of the agency’s advanced notice of proposed rulemaking (ANPR) on consumer personal financial data rights under Section 1033 of the Dodd-Frank Act. Hill and Huizenga commend the CFPB for their efforts to ensure consumers can meaningfully control and use their personal financial data. They encourage the CFPB to ensure the new rules are written in a manner that permits consumers to share their financial data with authorized firms and emphasize that the CFPB should base any related consumer financial data privacy and security rules on existing frameworks under the Gramm-Leach-Bliley Act (GLBA). Read the full letter online HERE. |