United States of America: Adopted Final Rule on Personal Financial Data Rights by Consumer Financial Protection Bureau
Description
Adopted Final Rule on Personal Financial Data Rights by Consumer Financial Protection Bureau
On 22 October 2024, the Consumer Financial Protection Bureau (CFPB) adopted the final rule on personal financial data rights. The rule mandates financial institutions to provide consumers with their data in a secure and usable format upon request. T…
Scope
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority
Complete timeline of this policy change
Hide details
2022-10-27
in consultation
2023-01-25
processing consultation
2023-10-19
in consultation
2023-12-29
processing consultation
2024-10-22
adopted
2026-04-01
in force
2027-04-01
in force
2028-04-01
in force
2029-04-01
in force