Sources and uses of data at the Bureau of Consumer Financial Protection

The Dodd-Frank Act states that the Bureau "shall seek to implement
and … enforce Federal consumer financial law consistently for the
purpose of ensuring that all consumers have access to markets for
consumer financial products and services and that [those markets] are
fair, transparent, and competitive." Data informs this work to a great
extent.To fulfill its statutory functions and obligations, the
Bureau obtains data to inform its decisions. These activities
include: Writing rules, supervising companies, and enforcing the law<br>Taking consumer complaints<br>Providing financial education<br>Researching the consumer experience of using financial products<br>Monitoring financial markets for new risks to consumers<br>This
report describes the Bureau’s data governance program as well as what
data the Bureau collects, where the data come from, how data are used,
and how data are reused within the Bureau. On June 27, 2019, the
Bureau published a supplement that includes information on
voluntarily-provided consumer data assets and the third-party costs
associated with the purchase and/or collection of information.<br><br>