With appropriate privacy safeguards, enhanced financial data sharing could improve market discipline, augment consumer protection, and unlock new opportunities for research. To that end, could regulatory agencies set up “clean rooms” to share anonymized and de-identified financial data with academic researchers? Can more financial data be released to the public for crowd-sourced analysis, like in the Consumer Financial Protection Bureau’s Consumer Complaint Database? Would enhanced data sharing and transparency reduce incentives for data hoarding? Would it empower consumers? This panel will discuss opportunities and challenges relating to data sharing and transparency.
