State treasurers push CFPB on third-party financial data access rule

A dozen state financial officers are writing to the Consumer Financial Protection Bureau (CFPB) to uphold consumers' right to share financial data with authorized third parties as the agency weighs a rule that could restrict their ability to do so, according to a letter exclusively reviewed by FOX Business.CFPB is considering revising a regulation under section 1033 of the Dodd-Frank Act, which would revise the definition of a "representative" who makes a request on behalf of the consumer, as well as how to assess fees to cover costs incurred by a covered person responding to a customer reques