The CFPB’s PFDR Rule Revisited: Comments Reveal Deep Divides on Definition of “Consumer,” Fees, Security and Privacy

The Consumer Financial Protection Bureau (CFPB) is once again at the center of a heated debate as it reconsiders its Personal Financial Data Rights (PFDR) Rule under Section 1033 of the Dodd-Frank Act. The Bureau’s Advance Notice of Proposed Rulemaking (ANPR) sought public input related to its reconsideration of four pivotal questions at the heart of the PFDR Rule…
By: Orrick, Herrington & Sutcliffe LLP