WASHINGTON (1/30/15)--Financial institutions under the supervision of the Consumer Financial Protection Bureau (CFPB) have been sent a bulletin reminding them of their responsibilities regarding treatment of confidential supervisory information (CSI). The CFPB has supervisory authority over credit unions and banks with more than $10 billion in assets.
The bulletin, issued Tuesday, provides guidance on what types of information constitute CSI and explains that disclosure of CSI is not allowed.
Under CFPB regulations, CSI is defined as:
According to the bureau, examples of CSI include: CFPB reports and supervisory letters; all information contained or related to those documents, including an institution's supervisory compliance rating; communications between the CFPB and the institution relating to the CFPB's examination and other supervisory activates; and other information created by the bureau in the exercise of its supervisory authority.