Disclosure of confidential supervisory information and confidential investigative information.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Any supervised financial institution lawfully in possession of confidential supervisory information of the CFPB provided directly to it by the CFPB pursuant to paragraph (a) of this section may disclose such information, or portions thereof, to its affiliates and to the following individuals to the extent that the disclosure of such confidential supervisory information is relevant to the performance of such individuals' assigned duties: (i) Its directors, officers, trustees, members, general partners, or employees; and (ii) The directors, officers, trustees, members, general partners, or employees of its affiliates. (2) Any supervised financial institution or affiliate thereof that is lawfully in possession of confidential supervisory information of the CFPB provided directly to it by the CFPB pursuant to paragraph (a) of this section may disclose such information, or portions thereof, to: (i) Its certified public accountant, legal counsel, contractor, consultant, or service provider; (ii) Its insurance provider pursuant to a claim made under an existing policy, provided that the Bureau has not precluded indemnification or reimbursement for the claim; information disclosed pursuant to this paragraph (b)(2)(ii) may be used by the insurance provider solely for purposes of administering such a claim; or (iii) Another person, with the prior written approval of the Associate Director for Supervision, Enforcement and Fair Lending. (3) Where a supervised financial instit

official document · source cfr-2024 · id 12:§ 1070.42