The Consumer Financial Protection Bureau (CFPB) is asking the public for feedback on how companies that provide financial services handle consumers' personal financial data. They want to understand how these companies collect, use, and share data from consumer payments. The information collected will help CFPB make decisions on whether to update regulations to better protect consumer privacy. Anyone interested can share their thoughts, and CFPB particularly wants to hear from consumers, advocates, researchers, and businesses by April 11, 2025.
Simple Explanation
The CFPB wants people to tell them how companies handle money data they collect from people, so they can make sure that the companies are keeping it safe. They want to hear what everyone thinks by April 11, 2025.