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Bill113th CongressFiled Jun 28, 2013Finance and Financial Sector
H.R. 2571

Consumer Right to Financial Privacy Act of 2013

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house without amendment (Feb 6, 2014)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Consumer Right to Financial Privacy Act of 2013 - (Sec. 1) 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.

(Sec. 2) 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 any person directed or engaged by the CFPB to collect such information on its behalf.

(Sec. 3) Amends the Right to Financial Privacy Act of 1978 to repeal the exemption from its application for CFPB examination or disclosure of financial records or information in the exercise of CFPB authority with respect to a financial institution (thus applying the Act to CFPB examinations and disclosures).

What just happenedFeb 6, 2014

Placed on the Union Calendar, Calendar No. 254.

Who’s behind it

Rep. Duffy, Sean P. [R-WI-7](R-WI)Sponsor
7 cosponsors7 R
Read on Congress.gov
7cosponsors1committees9actions5subjects
  • Reported in HouseFeb 6, 2014
  • Introduced in HouseJun 28, 2013
  1. Feb 6, 2014CalendarsH12410

    Placed on the Union Calendar, Calendar No. 254.

  2. Feb 6, 2014CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 113-344.

  3. Feb 6, 2014Committee5000

    Reported by the Committee on Financial Services. H. Rept. 113-344.

  4. Nov 21, 2013Committee

    Ordered to be Reported by the Yeas and Nays: 32 - 25.

  5. Nov 21, 2013Committee

    Committee Consideration and Mark-up Session Held.

  6. Oct 29, 2013Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

  7. Jun 28, 2013IntroReferralH11100

    Referred to the House Committee on Financial Services.

  8. Jun 28, 2013IntroReferralIntro-H

    Introduced in House

  9. Jun 28, 2013IntroReferral1000

    Introduced in House

Reported to House without amendmentFeb 6, 201479

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Consumer Right to Financial Privacy Act of 2013 - (Sec. 1) 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.

(Sec. 2) 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 any person directed or engaged by the CFPB to collect such information on its behalf.

(Sec. 3) Amends the Right to Financial Privacy Act of 1978 to repeal the exemption from its application for CFPB examination or disclosure of financial records or information in the exercise of CFPB authority with respect to a financial institution (thus applying the Act to CFPB examinations and disclosures).

Introduced in HouseJun 28, 2013

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 financial records or information in the exercise of CFPB authority with respect to a financial institution (thus applying the Act to CFPB examinations and disclosures).

Consumer Right to Financial Privacy Act of 2013 — Informed