The CFPB's proposed rules governing the handling of data would allow the agency to disclose to non-credit union regulators information that should remain confidential, credit union trade groups said in comments filed last week.
The bureau should be prohibited from collecting information from credit unions and sharing it with any agency besides the NCUA, NAFCU Regulatory Affairs Counsel Andrew Morris wrote in reacting to the proposed rules.
For instance, NAFCU officials question whether the CFPB should be permitted to disclose confidential information to organizations such as state bar associations. CUNA officials agreed.
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