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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5498 Data standards us united_states_code code_section 12 BANKS AND BANKING 53 WALL STREET REFORM AND CONSUMER PROTECTION 5498 12 U.S.C. § 5498 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5498 data/legal/raw/us/code/title-12/usc12.xml b99d1e23ba89d3b60aefa6ade0bc0dc2c85c971e68c2b079fb814b27b12caca3 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 3e9bc32c83f20cdc11cdd86932794be309008eaf6a5b872a651cb179f1ce84d5 2026-07-04 official
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12 U.S.C. § 5498 - Data standards

Text

(a) Requirement The Bureau shall, by rule, adopt data standards for all collections of information that are regularly filed with or submitted to the Bureau.

(b) Consistency The data standards required under subsection (a) shall incorporate, and ensure compatibility with (to the extent feasible), all applicable data standards established in the rules promulgated under section 5334 of this title, including, to the extent practicable, by having the characteristics described in clauses (i) through (vi) of subsection (c)(1)(B) of such section 5334.

(Pub. L. 111203, title X, § 1018, as added Pub. L. 117263, div. E, title LVIII, § 5851(a)(2), Dec. 23, 2022, 136 Stat. 3433.)

Notes

Editorial Notes

Prior ProvisionsA prior section 1018 of Pub. L. 111203 was renumbered section 1020 and is set out as note under section 5491 of this title.

Statutory Notes and Related Subsidiaries

RulemakingPub. L. 117263, div. E, title LVIII, § 5852, Dec. 23, 2022, 136 Stat. 3433, provided that: “(a) In General.—The Director of the Bureau of Consumer Financial Protection shall issue rules to carry out the amendments made by section 5851 [enacting this section and section 5499 of this title], which shall take effect not later than 2 years after the date on which final rules are promulgated under section 124(b)(2) of the Financial Stability Act of 2010 [12 U.S.C. 5334(b)(2)], as added by section 5811(a) of this title. “(b) Scaling of Regulatory Requirements; Minimizing Disruption.—In issuing the rules required under subsection (a), the Director of the Bureau of Consumer Financial Protection—“(1) may scale data reporting requirements in order to reduce any unjustified burden on smaller regulated entities; and “(2) shall seek to minimize disruptive changes to the persons affected by those regulations.”

Rule of Construction Regarding No New Disclosure RequirementsPub. L. 117263, div. E, title LVIII, § 5853, Dec. 23, 2022, 136 Stat. 3433, provided that: “Nothing in this subtitle [subtitle E (§§ 58515853) of title LVIII of div. E of Pub. L. 117263, enacting this section, section 5499 of this title, and provisions set out as a note under this section], or the amendments made by this subtitle, shall be construed to require the Bureau of Consumer Financial Protection to collect or make publicly available additional information under the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481 et seq.), beyond information that was collected or made publicly available under that Act, as of the day before the date of enactment of this Act [Dec. 23, 2022].”