Consumer Right to Financial Privacy Act of 2013

Bill: 113-hr-2571
Sponsor: full_name: Rep. Duffy, Sean P. [R-WI-7]
Introduced: 2013-06-28
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Business records

Consumer affairs

Government information and archives

Right of privacy
Latest action: action_date: 2014-02-06
text: Placed on the Union Calendar, Calendar No. 254.

Summaries:
action_date: 2013-06-28
action_desc: Introduced in House
text: <p>Consumer Right to Financial Privacy Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to revise the prohibition against the Consumer Financial Protection Bureau (CFPB)'s obtaining, from a covered person or service provider, any personally identifiable financial information about a consumer.</p> <p>Prohibits the CFPB, in addition, from requesting, accessing, collecting, using, retaining, or disclosing nonpublic personal information about a consumer unless: (1) the CFPB clearly and conspicuously discloses to the consumer, in writing or in an electronic form, what information will be requested, obtained, accessed, collected, used, retained, or disclosed; and (2) the consumer informs the CFPB, before such information is requested, obtained, accessed, collected, used, retained, or disclosed, that such information may be requested, obtained, accessed, collected, used, retained, or disclosed.</p> <p> Subjects to the same restrictions and conditions to any person directed or engaged by the CFPB to collect such information on its behalf.</p> <p>Amends the Right to Financial Privacy Act of 1978 to repeal the exemption from its application for CFPB examination or disclosure of financial records or information in the exercise of CFPB authority with respect to a financial institution (thus applying the Act to CFPB examinations and disclosures).</p>

action_date: 2014-02-06
action_desc: Reported to House without amendment
text: <p><b>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure</b><b>.)</b></p> <p>Consumer Right to Financial Privacy Act of 2013 - (Sec. 1) Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to revise the prohibition against the Consumer Financial Protection Bureau (CFPB)'s obtaining, from a covered person or service provider, any personally identifiable financial information about a consumer.</p> <p>(Sec. 2) Prohibits the CFPB, in addition, from requesting, accessing, collecting, using, retaining, or disclosing nonpublic personal information about a consumer unless: (1) the CFPB clearly and conspicuously discloses to the consumer, in writing or in an electronic form, what information will be requested, obtained, accessed, collected, used, retained, or disclosed; and (2) the consumer informs the CFPB, before such information is requested, obtained, accessed, collected, used, retained, or disclosed, that such information may be requested, obtained, accessed, collected, used, retained, or disclosed.</p> <p> Subjects to the same restrictions and conditions any person directed or engaged by the CFPB to collect such information on its behalf.</p> <p>(Sec. 3) Amends the Right to Financial Privacy Act of 1978 to repeal the exemption from its application for CFPB examination or disclosure of financial records or information in the exercise of CFPB authority with respect to a financial institution (thus applying the Act to CFPB examinations and disclosures).</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2571 IN THE HOUSE OF REPRESENTATIVES June 28, 2013 Mr. Duffy introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require the Bureau of Consumer Financial Protection to notify and obtain permission from consumers before collecting nonpublic personal information about such consumers, and for other purposes.

1. Short title This Act may be cited as the Consumer Right to Financial Privacy Act of 2013 . 2. Requirement of the Bureau of Consumer Financial Protection to obtain permission before collecting nonpublic personal information (a) Required notification and permission Section 1022(c)(9)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5512(c)(9)(A) ) is amended— (1) by striking may not obtain from a covered person or service provider and inserting may not request, obtain, access, collect, use, retain, or disclose ; (2) by striking personally identifiable financial and inserting nonpublic personal ; and (3) by striking from the financial records and all that follows through the period at the end and inserting unless— (i) the Bureau clearly and conspicuously discloses to the consumer, in writing or in an electronic form, what information will be requested, obtained, accessed, collected, used, retained, or disclosed; and (ii) before such information is requested, obtained, accessed, collected, used, retained, or disclosed, the consumer informs the Bureau that such information may be requested, obtained, accessed, collected, used, retained, or disclosed. . (b) Application of requirement to contractors of the Bureau of Consumer Financial Protection Section 1022(c)(9)(B) of such Act ( 12 U.S.C. 5512(c)(9)(B) ) is amended to read as follows: (B) Application of requirement to contractors of the Bureau of Consumer Financial Protection Subparagraph (A) shall apply to any person directed or engaged by the Bureau to collect information to the extent such information is being collected on behalf of the Bureau. . (c) Definition of nonpublic personal information Section 1022(c)(9) of such Act (12 U.S.C. 5512(c)(9)) is amended by adding at the end the following: (C) Definition of nonpublic personal information In this paragraph, the term nonpublic personal information has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 6809). . 3. Removal of exemption for the Bureau of Consumer Financial Protection from the Right to Financial Privacy Act Section 1113 of the Right to Financial Privacy Act of 1978 ( 12 U.S.C. 3413 ) is amended by striking subsection (r).

tv_txt: IB Union Calendar No. 254 113th CONGRESS 2d Session H. R. 2571 [Report No. 113–344] IN THE HOUSE OF REPRESENTATIVES June 28, 2013 Mr. Duffy introduced the following bill; which was referred to the Committee on Financial Services February 6, 2014 Additional sponsors: Mr. Renacci , Mr. Huizenga of Michigan , Mr. Cotton , Mr. Mulvaney , Mr. Westmoreland , Mr. Stutzman , and Mr. Latham February 6, 2014 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require the Bureau of Consumer Financial Protection to notify and obtain permission from consumers before collecting nonpublic personal information about such consumers, and for other purposes.

1. Short title This Act may be cited as the Consumer Right to Financial Privacy Act of 2013 . 2. Requirement of the Bureau of Consumer Financial Protection to obtain permission before collecting nonpublic personal information (a) Required notification and permission Section 1022(c)(9)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5512(c)(9)(A) ) is amended— (1) by striking may not obtain from a covered person or service provider and inserting may not request, obtain, access, collect, use, retain, or disclose ; (2) by striking personally identifiable financial and inserting nonpublic personal ; and (3) by striking from the financial records and all that follows through the period at the end and inserting unless— (i) the Bureau clearly and conspicuously discloses to the consumer, in writing or in an electronic form, what information will be requested, obtained, accessed, collected, used, retained, or disclosed; and (ii) before such information is requested, obtained, accessed, collected, used, retained, or disclosed, the consumer informs the Bureau that such information may be requested, obtained, accessed, collected, used, retained, or disclosed. . (b) Application of requirement to contractors of the Bureau of Consumer Financial Protection Section 1022(c)(9)(B) of such Act ( 12 U.S.C. 5512(c)(9)(B) ) is amended to read as follows: (B) Application of requirement to contractors of the Bureau of Consumer Financial Protection Subparagraph (A) shall apply to any person directed or engaged by the Bureau to collect information to the extent such information is being collected on behalf of the Bureau. . (c) Definition of nonpublic personal information Section 1022(c)(9) of such Act ( 12 U.S.C. 5512(c)(9) ) is amended by adding at the end the following: (C) Definition of nonpublic personal information In this paragraph, the term nonpublic personal information has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6809 ). . 3. Removal of exemption for the Bureau of Consumer Financial Protection from the Right to Financial Privacy Act Section 1113 of the Right to Financial Privacy Act of 1978 ( 12 U.S.C. 3413 ) is amended by striking subsection (r).

February 6, 2014 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed