Sec. 912. Study on the privacy risks of government publication of personal financial data
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Section 304 of the Home Mortgage Disclosure Act of 1975 ( 12 U.S.C. 2803 ) is amended— in subsection (n), by inserting Such data shall not be publicly disclosed by the Bureau or a depository institution before the date on which the report is submitted under subsection (o)(2). after the period at the end; and by adding at the end the following: The Comptroller General of the United States shall conduct a study to determine whether the data published under this Act, in connection with other publicly available data sources, could allow for or increase the probability of— exposure of the identity of mortgage applicants or mortgagors through reverse engineering; exposure of mortgage applicants or mortgagors to identity theft or the loss of sensitive personal financial information; the marketing or sale of unfair, deceptive, or abusive financial products to mortgage applicants or mortgagors based on the data published under this Act; personal financial loss or emotional distress resulting from the exposure of mortgage applicants or mortgagors to identify theft or the loss of sensitive personal financial information; and the potential legal liability facing the Bureau and market participants in the event the published data leads or contributes to identity theft or the capture of sensitive personal financial information.
Not later than 1 year after the date of enactment of this subsection, the Comptroller General of the United States shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that includes— the findings and conclusions of the Comptroller General with respect to the study conducted under paragraph (1); and any recommendations for legislative or regulatory actions that— would enhance the privacy of a consumer when accessing mortgage credit; and are consistent with consumer protections and safe and sound banking operations. .
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Sec. 912
Study on the privacy risks of government publication of personal financial data
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