HR 2571 · 113th Congress · Finance and Financial Sector

Consumer Right to Financial Privacy Act of 2013

Introduced 2013-06-28· Sponsored by Rep. Duffy, Sean P. [R-WI-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 254.(2014-02-06)

Plain Language Summary

[AI summary unavailable — showing source text] 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. 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. Subjects to the same restrictions and conditions to any person directed or engaged by the CFPB to collect such information on its behalf. Amends the Right to Financial Privacy Act of 1978 to repeal the exemption from its application for CFPB examination or disclosure of fina…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 2571, Consumer Right to Financial Privacy Act of 2013

Feb 6, 2014

As ordered reported by the House Committee on Financial Services on November 21, 2013

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (7)

7 Republicans