The House Financial Services Subcommittee on Financial Institutions is exploring data privacy issues in a hearing titled “Framework for the Future: Reviewing Data Privacy in Today’s Financial System.”
The session was held at 10 a.m. ET on June 5. You can watch a recording of the hearing here.
The hearing was led by Subcommittee Chairman Rep. Andy Barr (R-Ky.) and Ranking Member Rep. Bill Foster (D-Ill.). Witnesses include:
- Scott Talbott, Executive Vice President, Electronic Transactions Association
- Andrew Morris, Director of Innovation and Technology, America’s Credit Unions
- Rebecca Kuehn, Partner, Hudson Cook, LLP (a member company of ACA International)
- Jennifer Huddleston, Fellow in Technology Policy, Cato Institute
- Zoë Strickland, Senior Fellow, Future of Privacy Forum
The hearing addressed how data privacy policies impact financial services and innovation, with a focus on ensuring consumer data protection in an increasingly digital environment.
In addition to reviewing potential privacy legislation, the subcommittee will also consider other proposed measures, including:
- Advancing the Mentor Protege Program for Small Financial Institutions Act
- Systemic Risk Authority Transparency Act
CFPB Oversight Hearing Scheduled
Later in the month, the House Financial Services Committee will hold a separate hearing focused on the Consumer Financial Protection Bureau (CFPB). Titled “From Watchdog to Attack Dog: Examining the CFPB’s Chopra-era Assault on Disfavored Industries,” the hearing is scheduled for 10 a.m. ET on June 26. Further details on this session are expected in the coming weeks.
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Author: Jennifer Evancic
Jennifer.Evancic@ResourceManagement.com
Jennifer Evancic is a third-party auditor valued by creditors and large organizations for her knowledge in call monitoring within the collections industry. With meticulous attention to detail and a firm grasp of regulatory requirements, she ensures compliance with clients’ criteria and state and federal regulations.
Jennifer audits collections calls, ensuring they meet client-specific criteria and comply with regulations, providing valuable insights and maintaining industry standards.
Beyond her auditing responsibilities, Jennifer takes the lead in organizing and facilitating monthly call calibrations. These sessions serve as a collaborative forum where clients and their vendors come together to discuss call monitoring results and address any findings or areas for improvement. Jennifer’s guidance fosters open communication and ensures alignment between clients and vendors, driving continuous improvement in collections practices.
Jennifer stays up-to-date with compliance and industry best practices by participating regularly in peer meetings, regulatory updates and industry webinars. This keeps her informed about emerging issues and ensures she remains a knowledgeable leader in collections compliance.
