What happened
The Federal Housing Finance Agency (FHFA) announced a proposal to rescind the existing System of Records Notice (SORN) FHFA-12, which covers parking program records. The agency will consolidate those records with its transit subsidy records under a revised SORN FHFA-11 titled "Transit Subsidy and Parking Program Records." Comments on the proposal are accepted until November 12, 2026.
Why it matters for trust and compliance
- Its status is proposed. It is not law yet. Track it, but do not treat it as an obligation.
- The proposal changes how FHFA manages personal data in its parking program, potentially affecting record-keeping and privacy compliance.
- Takes effect October 13, 2026.
Who is affected
government controller Federal Housing Finance Agency
Recommended actions
- Check that privacy notices describe the practices this addresses.
- Revisit retention schedules and data minimisation for the data involved.
- Map the security requirements to existing controls and close gaps.