After financial agencies’ ‘Herculean effort’ on joint data standards, the wait begins
Data experts say the regulators’ final rule as part of the Financial Data Transparency Act is a boon for transparency and accuracy, but there’s still a ways…
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Consumer Financial Protection Bureau
Financial regulatory agencies have fallen behind on joint data standards
A new GAO report offers guidance to regulators that could lead to governmentwide data standards after the agencies missed a deadline required by the Financial Data Transparency…
GAO sees ‘mixed’ agency response to recommendations on combatting scams
A director with the watchdog told Congress this week that the FBI, CFPB and FTC haven’t addressed many recommendations from an April 2025 report on digital money-making…
CFPB blasted by Senate Banking Democrats for ‘entirely avoidable’ cybersecurity flaws
In a letter shared first with FedScoop, Sen. Warren and colleagues demand answers about an OIG report that found the agency’s cyber program to be ineffective due…
Senate Democrats urge CFPB to ignore big banks’ interest in overhauling data rule
A letter from Sens. Warren, Wyden and Blumenthal asked acting CFPB Director Russell Vought to reinstate consumer protections for accessing personal financial data.
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CFPB’s cybersecurity program ‘not effective’ after staff cuts, watchdog says
An IG audit found that the CFPB hasn’t maintained “an effective level of awareness of security vulnerabilities” following staff departures and diminished contractor support.
Consumer group warns against changes to CFPB rule on personal financial data
A letter from Consumer Reports urges the agency to not alter privacy protections or no-fee stipulations in a Dodd-Frank rule giving Americans more access to their financial…
Lawmakers renew push for enforcement-free AI testing at financial agencies
Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation of enforcement actions” under the bipartisan, bicameral bill.
Judge OK’s labor groups’ challenge to DOGE data work at DOL, CFPB, HHS
A lawsuit seeking relief from DOGE’s accessing of PII at the agencies can move forward on claims that the Administrative Procedure Act may have been violated.
Federal agencies aren’t working together to fight consumer scams, GAO says
The watchdog calls for a governmentwide strategy to counter tech-fueled schemes after auditing the FBI, CFPB, FTC and other agencies’ approaches.
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