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[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5413 Introduced in House (IH)]

<DOC>

114th CONGRESS
  2d Session
                                H. R. 5413

   To amend the Consumer Financial Protection Act of 2010 to provide 
   additional requirements for the consumer complaint website of the 
    Bureau of Consumer Financial Protection, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              June 8, 2016

  Mr. Salmon introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL

 
   To amend the Consumer Financial Protection Act of 2010 to provide 
   additional requirements for the consumer complaint website of the 
    Bureau of Consumer Financial Protection, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``CFPB Data Accountability Act''.

SEC. 2. CONSUMER COMPLAINT WEBSITE REQUIREMENTS.

    Section 1013(b)(3) of the Consumer Financial Protection Act of 2010 
(12 U.S.C. 5493(b)(3)) is amended by adding at the end the following:
                    ``(E) Website requirements.--In establishing and 
                maintaining the website described under subparagraph 
                (A), the Bureau shall comply with the following:
                            ``(i) Aggregated format.--With respect to 
                        consumer complaint information obtained by the 
                        Bureau under this paragraph, the Bureau may 
                        only make such information available to the 
                        public on the website in an aggregated format 
                        and after taking steps to ensure that 
                        proprietary, personal, or confidential consumer 
                        information is not made public on such website.
                            ``(ii) Verification requirement.--The 
                        Bureau shall verify any consumer complaint 
                        information included under clause (i) where the 
                        complaint alleges a violation of a law, 
                        regulation, or contractual agreement between a 
                        consumer and a covered person who offered or 
                        provided the consumer financial product or 
                        service to the consumer.
                            ``(iii) Report of complaint percentages.--
                        With respect to consumer complaint information 
                        about a particular consumer financial product 
                        or service, the Bureau may only make such 
                        information available to the public on the 
                        website if the Bureau accompanies such 
                        information with statistics on how many 
                        consumer complaints the Bureau receives with 
                        respect to the particular consumer financial 
                        product or service compared to the total number 
                        of consumers making use of such consumer 
                        financial product or service.
                            ``(iv)  Quality, objectivity, utility, and 
                        integrity of information.--The Bureau shall 
                        comply with all guidelines issued by the 
                        Director of the Office of Management and Budget 
                        pursuant to section 515 of H.R. 5658, as 
                        enacted by section 1(a)(3) of the Consolidated 
                        Appropriations Act, 2001.''.
                                 <all>
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