On October 22nd, 2020, the Consumer Financial Protection Bureau (CFPB) released an advance notice of proposed rulemaking (ANPR) to solicit feedback for creating rules governing consumer access to financial records. The CFPB felt it was important to finally take action to implement rules as required under the Dodd-Frank Act due to the rapid increase in financial institutions and financial technology companies seeking to access and aggregate consumer financial data to provide new services for consumers. Services that help consumers organize their financial data in one place, known as aggregators, are becoming increasingly popular with consumers and ambiguity is limiting their ability to grow. Traditional financial institutions are not always clear about what protocols to use, impeding the ability of aggregators to innovate and compete. That’s why creating rules to address this new development in consumer access to financial records is so important. The Bureau is inviting comments on all aspects of the ANPR from industry, consumers and advocacy groups as a prelude to drafting and issuing their final rules.