On January 27, 2015, the US Consumer Financial Protection Bureau ("CFPB") issued a compliance bulletin on the treatment of confidential supervisory information ("CSI"). The bulletin is intended to remind persons in possession of confidential information, including confidential supervisory information, that they may not, except for certain exceptions, disclose confidential information to third parties. The bulletin defines CSI, reviews certain disclosures of CSI and discusses in detail that private confidentiality and non-disclosure agreements do not alter the legal restrictions on the disclosure of CSI.
The bulletin is available at: http://files.consumerfinance.gov/f/201501_cfpb_compliance-bulletin_treatment-of-confidential-supervisoryinformation.pdf.
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