Consumer Data Sharing

Securely and reliability sharing consumer financial data between companies can improve consumer financial health, foster innovation and lead to market growth in financial services. Despite this, there are significant challenges to building a common system for data sharing such as unclear regulatory application, competing business interests, and rapidly-changing technology. Today, leadership and coordination are needed from data-sharing stakeholders to develop shared solutions to these challenges.

The Financial Health Network has created a set of principles to guide industry actors towards a common system, but more work is needed to develop the implementation details required to turn principles into action. The Financial Health Network recommends that market actors take the lead in developing and implementing solutions to ongoing data sharing challenges, with strong support from regulators.

Consumer Data Sharing

Liability, Transparency and Consumer Control in Data Sharing
September 18, 2017
With industry leadership and regulatory support, there is an opportunity to build a liability framework for financial data sharing to support consumer protection, innovation and market growth.
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A New Vision for Serving America’s Small Businesses
August 8, 2017
This paper examines the connections, similarities, and differences between consumer financial health and the financial health of small businesses.
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The Financial Health Network Comment Letter to the CFPB’s Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process
May 19, 2017
The Financial Health Network submitted its response to the CFPB's request for information regarding use of alternative data and modeling techniques in the credit process on February 16, 2017....
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The Financial Health Network Comment Letter to the CFPB Regarding Consumer Access to Financial Records
February 21, 2017
The Financial Health Network submitted its response to the CFPB's Request for Information Regarding Consumer Access to Financial Records. In the letter, the Financial Health Network describes how companies...
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Five Ways to Expand the Appeal of Your Financial Technology Product
January 10, 2017
Financial technology (“fintech”) has tremendous potential – as a delivery channel for high-quality products and services – to help consumers improve their financial health.
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Consumer Data Sharing Principles: A Brief on the Framework for Industry-Wide Collaboration
October 20, 2016
Over the last two decades, the emergence of new intermediaries that aggregate data from numerous sources has enabled financial services providers of all kinds to provide consumers with a...
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Consumer Data Sharing Principles: A Framework for Industry-Wide Collaboration
October 20, 2016
Over the last two decades, the emergence of new intermediaries that aggregate data from numerous sources has enabled financial services providers of all kinds to provide consumers with a...
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The Financial Health Network Comment Letter on Payday, Vehicle Title, and Certain High-Cost Installment Loans
October 6, 2016
The Financial Health Network is submitting this letter in response to the request for comments on “Payday, Vehicle Title, and Certain High-Cost Installment Loans,” issued by the Consumer Financial...
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Dispatch from D.C. — September 2016 – Full Report
August 4, 2016
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Dispatch from D.C. — September 2016 Executive Summary
August 1, 2016
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What We Do / Research

Consumer Data Sharing