On August 25, the Congressional Research Service (CRS) released a report detailing the implementation status of joint agency data standards required under the Financial Data Transparency Act (FDTA). The FDTA requires agencies overseeing financial institutions to adopt uniform data standards for collecting information. The statute directs agency heads to issue jointly a final rule establishing standards for data collection. As previously covered by InfoBytes, the covered agencies released an NPRM to establish data standards for “certain collections of information reported to each Agency by financial entities” and “the data collected from the Agencies on behalf of the Financial Stability Oversight Council.” As of August 2025, a final rule has not been published.
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