SAFE Act Confidentiality and Privilege Enhancement Act

Bill: 114-s-372
Sponsor: full_name: Sen. Capito, Shelley Moore [R-WV]
Introduced: 2015-02-04
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Financial services and investments

Right of privacy
Latest action: action_date: 2015-02-04
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-02-04
action_desc: Introduced in Senate
text: <p><b>SAFE Act Confidentiality and Privilege Enhancement Act</b></p> <p> Amends the S.A.F.E. Mortgage Licensing Act of 2008 to extend to state and federal regulatory officials having financial services oversight authority (currently only those having mortgage oversight authority) access to any information provided to the Nationwide Mortgage Licensing System and Registry (or any system established by the Director of the Consumer Financial Protection Bureau), without the loss of privilege or confidentiality protections provided by federal and state laws.<BR> </p>

tv_txt: II 114th CONGRESS 1st Session S. 372 IN THE SENATE OF THE UNITED STATES February 4, 2015 Mrs. Capito (for herself, Mr. Crapo , Ms. Heitkamp , Mr. Manchin , Mr. Merkley , and Mr. Toomey ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To ensure access to certain information for financial services industry regulators, and for other purposes.

1. Short title This Act may be cited as the SAFE Act Confidentiality and Privilege Enhancement Act . 2. Confidentiality of information shared between state and federal financial services regulators Section 1512(a) of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5111(a) ) is amended by inserting or financial services before industry .