Consumer Financial Data:
Legal and Regulatory Landscape

Mitchell Sandler | October 05, 2020

Produced in partnership with the Financial Health Network, FinRegLab, and Flourish, Mitchell Sandler announces the release of Consumer Financial Data: Legal and Regulatory Landscape. This working paper provides a detailed summary of the current U.S. federal legal framework governing consumer financial data, including Section 1033 of the Dodd-Frank Act, Title V of the Gramm-Leach-Bliley Act, the Fair Credit Reporting Act, federal regulatory third-party risk management authority, the Equal Credit Opportunity Act, unfair, deceptive, and abusive acts and practices, and the Electronic Fund Transfer Act.

The summaries of each law explain the types of entities and data covered, nature of regulatory oversight, and substantive requirements pertaining to consumer and small business financial data. Commentary sections highlight open issues, areas of ambiguity, and other topics concerning the rapidly evolving financial services landscape.

To provide feedback on the working paper, please email comments to

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