CFPB Continues Gathering Financial Privacy Compliance Info
Published Date: 12/9/2025
Notice
Summary
The Consumer Financial Protection Bureau wants to keep collecting info about how businesses protect your financial privacy. This affects over 460,000 companies and asks for feedback by February 9, 2026. No big costs or changes, just making sure your info stays safe and the rules stay clear.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Businesses face Regulation P paperwork burden
The CFPB is requesting reinstatement of OMB approval for its information collection under Regulation P (OMB Control Number 3170-0010). The collection affects private-sector businesses or for-profits with an estimated 462,760 respondents and an estimated total annual burden of 312,916 hours.
Privacy notices and opt-out rules remain enforced
Regulation P implements Section 502 of the Gramm‑Leach‑Bliley Act, which generally prohibits financial institutions from sharing nonpublic personal information with nonaffiliated third parties unless they provide required disclosures (initial privacy notices, annual notices, notices of revisions, and opt-out notices) and the consumer has not elected to opt out.
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