Navigating the Complexities of the 1033 Rule and Market Adaptation

Ramon Gomez — Managing Director, Regulatory Affairs at JPMorgan Chase — joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt for a conversation about Section 1033 of the Dodd-Frank Act and its implications for consumer data sharing. Ramon helps unpack Section 1033 and how it aligns with the substance of the CFPB’s proposed rulemaking, particularly with respect to “screen-scraping” and related privacy risks, CFPB oversight of data aggregators and other third parties, and the role of standard setting organizations such as FDX in establishing common industry practices. The discussion wraps up with a broad look at data sharing in the financial sector, including the benefits of coordinated federal and state regulatory efforts to manage and protect consumer data.

Links:

• JPMorgan Chase & Co.
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com