Regulatory Alerts2026-06-25
CFPB Announces Joint Final Rule on Adopting Uniform Standards for Reporting Financial Data
The Consumer Financial Protection Bureau finalized a joint rule establishing technical standards for financial data submission to nine major regulatory agencies as mandated by the Financial Data Transparency Act of 2022. The adopted standards define common identifiers for entities, locations, dates, products, and currencies while implementing principles-based requirements for data transmission and schema formats. These uniform standards aim to promote interoperability and enable financial institutions to submit high-quality, machine-readable data across the regulatory landscape.
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) finalized rulemaking that establishes technical standards for data submitted to certain financial regulatory agencies. This joint final rule is required under the Financial Data Transparency Act of 2022 to promote interoperability of financial regulatory data across the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Federal Housing Finance Agency, the Commodity Futures Trading Commission, the Department of the Treasury, and the CFPB. The new standards being adopted establish common identifiers for entities, geographic locations, dates, and certain products and currencies. The standards include a principles-based joint standard with respect to data transmission and schema and taxonomy formats, which would allow financial institutions to submit high-quality, machine-readable data to the agencies.
About us The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive.