The CFPB has issued a 30-day extension on the comment period for a rule amending Regulation V which would alter data broker practices and expand reporting requirements on consumer reports. Comments were originally due Monday.

America’s Credit Unions will file comments by the April 2 deadline with input on the proposed rule but remains firm in urging the CFPB to withdraw the proposed rule and reconsider the bureau’s approach.

The organization believes the bureau should ensure that future regulations align with statutory framework of the Fair Credit Reporting Act, avoid unintended consequences, do not undermine the ability of financial institutions to combat fraud, comply with existing regulatory requirements and serve their members effectively.