119-HR2885
Bank Loan Privacy Act
Last action was on 4-10-2025
SenateCurrent status is Referred to the House Committee on Financial Services.
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119th CONGRESS
1st Session
H. R. 2885
1. Short title2. Rulemaking requirement1. Short title
This Act may be cited as the "Bank Loan Privacy Act".
2. Rulemaking requirement
Section 704B(e)(4) of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2(e)(4)) is amended—
(1) In general - by striking "The Bureau may," and inserting:
(A) In general - The Bureau may,
(2) Rulemaking requirement - by adding at the end the following:
(B) Rulemaking requirement - The Bureau shall, before deleting or modifying data under this paragraph issue, through advance notice and comment, a rule that includes a description of what modifications and deletions the Bureau intends to make to the data and how such modifications and deletions will advance a privacy interest.