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HR 4604 113th Congress House Government Operations and Politics Bank accounts, deposits, capital Business records Computer security and identity theft Congressional oversight Consumer Financial Protection Bureau Consumer affairs Consumer credit Federal officials Financial services and investments Government employee pay, benefits, personnel management Government information and archives Right of privacy

CFPB Data Collection Security Act

Introduced: May 7, 2014 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2014
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.
Jun 11, 2014
Committee Consideration and Mark-up Session Held.
May 21, 2014
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
May 7, 2014
Referred to the House Committee on Financial Services.
May 7, 2014
Introduced in House
 Plain-English summary Congressional Research Service

CFPB Data Collection Security Act - Amends the Consumer Financial Protection Act of 2010 to direct the Consumer Financial Protection Bureau (CFPB) to: (1) establish an opt-out list of consumers who have notified the CFPB that they do not wish to allow it to collect personally identifiable information about them, and (2) give consumers a method of adding and removing their names from the opt-out list via telephone or the CFPB website.

Prohibits the CFPB from collecting: (1) personally identifiable information about a consumer listed on the opt-out list (except in the case of consumer complaints), or (2) any data or performing any market monitoring unless it has a Senate-confirmed Director.

Prescribes time limitations for the holding of data by the CFPB.

Directs the CFPB, if it experiences a data breach that exposes personally identifiable information about a consumer, to give that consumer one year of free credit monitoring. Requires the CFPB to notify consumers publicly of such a breach on the front page of its website.

Prohibits CFPB employees from accessing personally identifiable information collected by the CFPB unless they hold a "confidential" security clearance.

What's happening now June 11, 2014

Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 2