Bureau of Consumer Financial Protection July 2014 – Federal Register Recent Federal Regulation Documents

The Bureau of Consumer Financial Protection (``Bureau'') currently discloses certain complaint data it receives regarding consumer financial products and services via its web-based, public- facing database (``Consumer Complaint Database''). The Bureau proposes to expand that disclosure to include unstructured consumer complaint narrative data (``narratives''). Only those narratives for which opt-in consumer consent had been obtained and a robust personal information scrubbing standard and methodology applied would be subject to disclosure. The proposed policy (``Proposed Policy Statement'') would supplement the Bureau's existing Policy Statements establishing and expanding the Consumer Complaint Database.

The Bureau of Consumer Financial Protection (Bureau) is issuing this interpretive rule to clarify that the Bureau's Ability-to- Repay Rule incorporates the existing definition of ``assumption'' under Regulation Z.