A symposium on consumers’ access to financial records and underlying requirements in Section 1033 of the Dodd-Frank Act will be held Feb. 26 by the Consumer Financial Protection Bureau (CFPB), the agency announced Thursday.
The symposium, “Consumer Access to Financial Records,” is the fourth in a series announced last year to explore consumer protections in the current financial services marketplace, the bureau said.
Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act addresses consumers’ rights to access information about their financial accounts. The bureau said its Feb. 26 symposium is intended to show a variety of perspectives on the current and future state of the market for services based on consumer-authorized use of financial data.
The symposium will include remarks by bureau Kathleen (“Kathy”) Kraninger and three panel discussions moderated by bureau staff.
The first panel, assessing the current landscape of holders of consumer data and the benefits and risks of consumer-authorized data access, will be moderated by Paul Watkins, assistant director of the bureau’s Office of Innovation. The panel includes:
- Becky Heironimus, Managing Vice President of Customer Platforms, Data Ethics and Privacy, Capital One
- John Pitts, Policy Lead, Plaid
- Natalie Talpas, Senior Vice President, Product Group Manager, Digital, PNC
- Christina Tetreault, Senior Policy Counsel, Consumer Reports
- Nick Thomas, Co-founder and Chief Technology Officer, Finicity
The second panel, discussing market developments in consumer-authorized data access, will be moderated by Will Wade-Gery, senior advisor in the Office of Innovation. Panel experts are:
- Steven Boms, Executive Director, FDATA N.A.
- Lila Fakhraie, Senior Vice President, Digital Banking APIs, Wells Fargo Bank
- Jason Gross, Co-Founder & CEO, Petal
- Melissa Koide, CEO, FinRegLab
- James Reuter, CEO & President, First Bank Holding Company
The third panel will focus on the future state of the market and considerations for policymakers on how to ensure consumer data is safeguarded while ensuring consumers have continual access to their data. Moderated by Thomas Devlin, managing counsel in the bureau’s research, markets and regulation division, the panel includes:
- Jane Barratt, Chief Advocacy Officer, MX
- Thomas P. Brown, Partner, Antitrust and Competition and Global Banking and Payment Systems Practices, Paul Hastings LLP
- Brian Knight, Director of Innovation and Governance, Mercatus Center
- Dan Murphy, Policy Manager, Financial Health Network
- Natalie Williams, General Counsel, Responsible Banking and Data, JPMorgan Chase
- Chi Chi Wu, Staff Attorney, National Consumer Law Center
The Feb. 26 event, webcast live, is slated to begin at 9:30 a.m. ET; an RSVP is required to attend in person.