Data Privacy
Consumers and small businesses deserve strong, harmonized data privacy protections. FDATA supports policies that balance innovation with important privacy safeguards, while avoiding fragmented, duplicative regimes.
We work with policymakers in both the United States and Canada to address gaps in existing regulatory frameworks, advance preemptive federal financial data privacy regimes, and eliminate duplicative or contradictory regulatory requirements for our members.
- United States: Addressing gaps in GLBA and FCRA, while advocating for a unified federal privacy framework.
- Canada: Supporting alignment between the CPPA, OSFI guidelines, and open banking standards.
Related Press Releases
May 21, 2020, Washington, DC - Today, FDATA North America submitted a letter to the U.S. House Committee on Financial Services on consumer financial data privacy.
October 4, 2019, Washington, DC - Today, FDATA North America submitted a whitepaper to Canada's Department of Finance on digital identity and the notion that it is not a necessary component of open banking.
July 24, 2019 - Today, FDATA North America submitted comments to the US House Financial Services Committee Task Force on Financial Technology in advance of its July 25th hearing, "Examining the Use of Alternative Data on Underwriting and Credit Scoring to Expand Access to Credit."
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Resources
Data Privacy
FDATA FCRA NPRM Comment Letter
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