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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