Our tech sprints bring together a variety of stakeholders in a collaborative, transparent way using advanced technology to develop concrete solutions for challenging issues faced by the Bureau and the people we serve. The sprints held to date have focused on topics such as:
- Improving disclosures to empower consumers to make better informed financial decisions
- Facilitating and improving the sharing of data by regulated entities, the Bureau, and the public so that the data can better drive meaningful action
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How Tech Sprints Work
Our tech sprints can take on various forms including traditional “hackathon” style events, competitions, and month-long engagements. Sprints can be virtual, in-person, or a combination of both. We provide the problem statement, collaboration platforms, and subject matter experts for consultation across the week. Participants provide their own technology, suitable to their chosen project, data and processing needs; most valuably, they provide their time and expertise.
We work collaboratively to develop the problem statements for each sprint. Topics and problem statements have been inspired by multiple sources including public comments, discussions with external stakeholders, and feedback from CFPB advisory board members.
During each tech sprint week, teams interact with CFPB staff, fellow tech sprint participants, and subject matter experts as they “hack” on their determined solution. The tech sprint week culminates in a Demonstration Day where each sprint team shares their innovation with a panel of evaluating experts.
Past Tech Sprints
October 5–9, 2020
Develop and test innovative approaches to electronic delivery of Adverse Action Notices required under the Equal Credit Opportunity Act and the Fair Credit Reporting Act.
Home Mortgage Disclosure Act (HMDA)
March 22-26, 2021
Innovate in HMDA data submission, processing, and publication through new HMDA Platform tools and technologies.