CFPB Privacy of Consumer Financial Information (Regulation P) Reinstatement Request
Summary
The Consumer Financial Protection Bureau (CFPB) is requesting public comment on the reinstatement of an information collection titled 'Privacy of Consumer Financial Information (Regulation P)' under the Paperwork Reduction Act. The comment period closes on April 6, 2026.
What changed
The Consumer Financial Protection Bureau (CFPB) has issued a notice and request for comment regarding the reinstatement of an information collection titled 'Privacy of Consumer Financial Information (Regulation P),' associated with OMB Control Number 3170-0010. This collection implements disclosure requirements and restrictions on sharing nonpublic personal information under the Gramm-Leach-Bliley Act (GLBA). The CFPB is seeking public input on the necessity, accuracy of burden estimates, utility, and clarity of the information collection, as well as methods to minimize respondent burden.
Regulated entities, primarily private sector businesses and for-profits in the financial sector, are encouraged to submit written comments by April 6, 2026, to ensure consideration. The CFPB is specifically soliciting feedback on the practical utility of the data, the accuracy of its burden estimates (462,760 respondents, 312,916 annual burden hours), and potential improvements to the collection process. Comments will be reviewed by the Office of Management and Budget (OMB) as part of its review of the reinstatement request.
What to do next
- Review the 'Privacy of Consumer Financial Information (Regulation P)' information collection request.
- Submit written comments regarding the collection's necessity, utility, accuracy, and clarity by April 6, 2026.
- Ensure internal processes align with Regulation P requirements for consumer financial information privacy.
Source document (simplified)
Content
ACTION:
Notice and request for comment.
SUMMARY:
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) requests
the Office of Management and Budget's (OMB's) reinstatement of an information collection titled “Privacy of Consumer Financial
Information (Regulation P)” approved under OMB Control Number 3170-0010.
DATES:
Written comments are encouraged and must be received on or before April 6, 2026 to be assured of consideration.
ADDRESSES:
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication
of this notice to www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using
the search function. In general, all comments received will become public records, including any personal information provided.
Sensitive personal information, such as account numbers or Social Security numbers, should not be included.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information should be directed to Anthony May, Paperwork Reduction Act Officer, at (202) 435-7278,
or email: CFPB_PRA@cfpb.gov. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov. Please do not submit comments to these email boxes.
SUPPLEMENTARY INFORMATION:
Title of Collection: Privacy of Consumer Financial Information (Regulation P).
OMB Control Number: 3170-0010.
Type of Review: Reinstatement of an information collection.
Affected Public: Private sector: businesses or other for-profits.
Estimated Number of Respondents: 462,760.
Estimated Total Annual Burden Hours: 312,916.
Abstract: Section 502 of the Gramm-Leach-Bliley Act (GLBA) (Pub. L. 106-102) generally prohibits a financial institution from sharing
nonpublic personal information about a consumer with nonaffiliated third parties unless the institution satisfies various
disclosure requirements (e.g ., provision of initial privacy notices, annual notices, notices of revisions to the institution's privacy policy and opt-out
notices) and the consumer has not elected to opt out of the information sharing. The Bureau promulgated Regulation P (12 CFR
1016) to implement the GLBA notice requirements and restrictions on a financial institution's ability to disclose nonpublic
personal information about consumers to nonaffiliated third parties.
Request for Comments: The CFPB published a 60-day
Federal Register
notice on December 9, 2025 (90 FR 57035), under Docket Number: CFPB-2025-0044. The CFPB is publishing this notice and soliciting
comments on: (a) Whether the collection of information is
necessary for the proper performance of the functions of the CFPB, including whether the information will have practical utility;
(b) The accuracy of the CFPB's estimate of the burden of the collection of information, including the validity of the methods
and the assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; and (d)
Ways to minimize the burden of the collection of information on respondents, including through the use of automated collection
techniques or other forms of information technology. Comments submitted in response to this notice will be reviewed by OMB
as part of its review of this request. All comments will become a matter of public record.
Anthony May, Paperwork Reduction Act Officer, Consumer Financial Protection Bureau. [FR Doc. 2026-04383 Filed 3-4-26; 8:45 am] BILLING CODE 4810-AM-P
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