According to Banking Industry Groups, CFPB Should Supervise Data Aggregators
Troutman Sanders
AUGUST 4, 2022
This is the first time any of the groups have used the CFPB’s petition process since it was revamped this past February. The petition notes that while banks and credit unions are regularly supervised and examined by the CFPB, non-depository institutions, such as “data aggregators,” data holders, and data users, are not.
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