---
kind: "section"
citation: "12 C.F.R. § 1033.101"
title: "12"
number: "1033.101"
heading: "Authority, purpose, and organization."
url: "https://uscodex.org/cfr/12/1033.101"
---

# §1033.101. Authority, purpose, and organization.

- (a) **Authority.** The regulation in this part is issued by the Consumer Financial Protection Bureau (CFPB) pursuant to the Consumer Financial Protection Act of 2010 (CFPA), Pub. L. 111-203, tit. X, 124 Stat. 1955.
- (b) **Purpose.** This part implements the provisions of [section 1033](/cfr/12/1033.md) of the CFPA by requiring data providers to make available to consumers and authorized third parties, upon request, covered data in the data provider's control or possession concerning a covered consumer financial product or service, in an electronic form usable by consumers and authorized third parties; and by prescribing standards to promote the development and use of standardized formats for covered data, including through industry standards developed by standard-setting bodies recognized by the CFPB. This part also sets forth obligations of third parties that would access covered data on a consumer's behalf, including limitations on their collection, use, and retention of covered data.
- (c) **Organization.** This part is divided into subparts as follows:
  - (1) Subpart A establishes the authority, purpose, organization, coverage of data providers, compliance dates, and definitions applicable to this part.
  - (2) Subpart B provides the general obligation of data providers to make covered data available upon the request of a consumer or authorized third party, including what types of information must be made available.
  - (3) Subpart C provides the requirements for data providers to establish and maintain interfaces to receive and respond to requests for covered data.
  - (4) Subpart D provides the obligations of third parties that would access covered data on behalf of a consumer.
  - (5) Appendix A to this part provides instructions for how a standard-setting body would apply for CFPB recognition.

## Notes

### Authority

Authority: 12 U.S.C. 5512; 12 U.S.C. 5514; 12 U.S.C. 5533.

### Source

Source: 89 FR 90989, Nov. 18, 2024, unless otherwise noted.