UPDATE 1-U.S. House To Move To Protect Bank Information

UPDATE 1-U.S. House To Move To Protect Bank Information

* House Republicans plan to move legislation soon

* Banks say Dodd-Frank does not protect sensitive info

* Some Democrats support legislative change

Despite the heated partisan rhetoric that surrounds the new U.S. Consumer Financial Protection Bureau, Democrats and Republicans appear to have found at least one change they agree should be made to the agency.

Next week the House Financial Services Committee will consider legislation that would make it more difficult for consumer advocates or other groups to obtain sensitive information that banks share with the bureau.

At a hearing on Wednesday both Republicans and Democrats voiced support for the proposal.

"I support the goal of this bill," Carolyn Maloney, a senior Democrat on the House Financial Services Committee, said at the hearing, which examined several issues related to the bureau. Read more.