Washington, D.C. – October 18, 2017 – The following statement is attributed to Scott Talbott, senior vice president of government relations, Electronic Transaction Association (ETA), regarding the Consumer Financial Protection Bureau’s (CFPB) principles for consumer data sharing:
“We applaud the CFPB for balancing the needs of consumers, and the companies that serve them, to strengthen Americans’ financial security. ETA’s members operate at the intersection of financial services and technology. The principles set forth by the CFPB will allow for all companies involved to safely and securely provide consumers with information about their finances.”
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $4.5 trillion in purchases in the U.S. and deploying payments innovations to merchants and consumers.