Archives for Data collection

H.R. 1135, the “Burdensome Data Collection Relief Act”

Date: May 20, 2013

Issue: Corporate Governance

To: The Honorable Bill Huizenga and the Honorable Scott Garrett

Filing Type: Congressional 

Description: The Chamber sent a letter thanking Representatives Huizenga and Garrett for introducing H.R. 1135, the “Burdensome Data Collection Relief Act”. H.R. 1135 would repeal section 953(b) of Dodd-Frank requiring business to disclose a ratio of the median compensation of all employees to the compensation of the CEO.

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Letter to Director Cordray Regarding Data Collection

Date: June 19, 2013

Issue: Consumer Financial Protection Bureau

To: Consumer Financial Protection Bureau

Filing Type: Regulatory

Description: CCMC sent a letter to the Consumer Financial Protection Bureau (CFPB) outlining concerns with the CFPB’s practices around data collection.  Despite numerous attempts from the Chamber and U.S. Congress, the CFPB’s lack of transparency around its data collection efforts makes it difficult to evaluate the prudence and the legality of the collection process; the strength of the security measures to protect consumers’ data; the cost burden imposed on, and potential liability exposure incurred by companies subject to the CFPB’s requests; and leaves many other concerns.

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Letter to Director Cordray on Data (6/19/2013)

Date: June 19, 2013

Issue: Consumer Financial Protection Bureau

To: Consumer Financial Protection Bureau

Filing Type: Regulatory

Description: CCMC sent a letter to the Consumer Financial Protection Bureau (CFPB) outlining concerns with the CFPB’s practices around data collection.  Despite numerous attempts from the Chamber and U.S. Congress, the CFPB’s lack of transparency around its data collection efforts makes it difficult to evaluate the prudence and the legality of the collection process; the strength of the security measures to protect consumers’ data; the cost burden imposed on, and potential liability exposure incurred by companies subject to the CFPB’s requests; and leaves many other concerns.

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