The CFPB has issued its regulations to implement one of the few legislative changes to ease the compliance burden on banks. The privacy rules have produced one of the least helpful disclosure requirements on how banks treat your confidential information. Most consumers received rafts of these confusing disclosures to no useful end, except to trip up banks at examination time. These were so burdensome that Congress actually provided some relief. The CFPB rule demonstrates how confusing and overlapping rules are since the bulk of the rule is to ease interactions with other disclosure rules that intersect with the privacy notices. The CFPB also published a special report on the mortgage servicing business highlighting the compliance problems in that business and suggesting that a crackdown was coming.