Non-Depository Institution Supervision Database
Why is this System of Records Notice being rescinded? The CFPB rescinds its Privacy Act systems of record notice (SORN) “CFPB.003 Non-Depository Institution Supervision Database” as the records are maintained as part of a modified system of records. In the course of its supervisory work, the CFPB collects, uses, and maintains information on covered individuals associated with both depository institutions ( e.g., banks, savings associations, credit unions) and non-depository institutions, and their affiliates and service providers subject to the authority of the CFPB. The CFPB previously had two systems of records to address supervision related to depository and non-depository institutions, respectively. In order to have a single system of records that addresses all supervisory information, the records maintained under this system of records have been consolidated into the modified SORN, “CFPB.002 Supervision and Examination Records.” Rescindment of this SORN will promote the overall streamlining and management of Privacy Act record systems for the CFPB.