On January 27, 2015, the Consumer Financial Protection Bureau (CFPB) issued a Compliance Bulletin 2015-1 (the “Bulletin”) reminding supervised financial institutions about regulatory requirements surrounding Confidential Supervisory Information (CSI), specifically the requirement to keep such information confidential. In the Bulletin, the CFPB offers examples of what constitutes CSI, including: (1) CFPB examination reports and supervisory letters; (2) information related to an institution’s supervisory rating, information, and communications; (3) communications between the supervised institution and the CFPB related to the CFPB’s supervisory activities; and (4) information created by the CFPB in the exercise of its supervisory authority.
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