A bill to amend the Consumer Financial Protection Act of 2010 to provide consumers with a free annual disclosure of information the Bureau of Consumer Financial Protection maintains on them, and for other purposes.

Bill: 114-s-96
Sponsor: full_name: Sen. Vitter, David [R-LA]
Introduced: 2015-01-07
Policy area: Finance and Financial Sector
Subjects: Consumer affairs

Consumer credit

Financial services and investments

Government information and archives
Latest action: action_date: 2015-01-07
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-01-07
action_desc: Introduced in Senate
text: <p>Amends the Consumer Financial Protection Act of 2010 to direct the Consumer Financial Protection Bureau (CFPB) to: (1) disclose to a consumer all information (and their sources) held by the CFPB with respect to that consumer, including any person or other federal department or agency to which the CFPB disclosed the information; and (2) truncate in the disclosure the first five digits of the consumer's Social Security number (or similar identification number), if the consumer so requests and the CFPB has received appropriate proof of the requester's identity. </p> <p>Permits consumers to request such a disclosure: (1) online, with a link prominently displayed on the CFPB website; (2) via U.S. mail; and (3) via a toll-free telephone number.</p>

tv_txt: II 114th CONGRESS 1st Session S. 96 IN THE SENATE OF THE UNITED STATES January 7, 2015 Mr. Vitter introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Consumer Financial Protection Act of 2010 to provide consumers with a free annual disclosure of information the Bureau of Consumer Financial Protection maintains on them, and for other purposes.

1. Annual disclosure to consumers (a) In general Section 1022(c)(9) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5512(c)(9) ) is amended by adding at the end the following: (C) Annual disclosure to consumers (i) In general Once during any 12-month period, upon request of a consumer and without charge to the consumer, the Bureau shall clearly and accurately disclose to the consumer, before the end of the 15-day period beginning on the day the request is made, the following: (I) All information with respect to the consumer held by the Bureau at the time of the request, except that if the consumer to whom the information relates requests that the first 5 digits of the social security number (or similar identification number) of the consumer not be included in the disclosure, and the Bureau has received appropriate proof of the identity of the requester, the Bureau shall so truncate such number in such disclosure. (II) The sources of the information. (III) Any person or other Federal department or agency to which the Bureau disclosed information described under subclause (I). (ii) Method of request The Bureau shall allow consumers to make a request under clause (i)— (I) online, with a link prominently displayed on the Bureau’s website; (II) via United States mail; and (III) via a toll-free telephone number established by the Bureau for such purpose. . (b) Effective date Section 1022(c)(9)(C) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5512(c)(9)(C) ), as added by subsection (a), shall take effect with respect to consumer requests made after the 1-year period beginning on the date of the enactment of this Act.