Rule Would Benefit Companies That Limit Consumer Data-Sharing
Washington, D.C.—(ENEWSPF)—May 6, 2014. The Consumer Financial Protection Bureau (CFPB) today proposed a rule to promote more effective privacy disclosures from financial institutions to their customers. The rule would allow companies that limit their consumer data-sharing and meet other requirements to post their annual privacy notices online rather than delivering them individually.
“Consumers need clear information about how their personal information is being used by financial institutions,”…
