This story appeared in Bank Digest.
The CFPB has adopted a rule intended to protect from disclosure confidential information provided to it by financial institutions for supervisory purposes. Under the rule, neither an institution's delivery of privileged information to the CFPB nor the bureau's subsequent transfer of the information to another regulator waives any privilege the institution could claim.
Continue reading "CFPB Adopts Rule to Protect Institutions' Privileged Information" »