; and (B) before such information is requested, obtained, accessed, collected, used, retained, or disclosed, the consumer informs the Agency that such information may be requested, obtained, accessed, collected, used, retained, or disclosed. (2) Application of requirement to contractors of the Agency Paragraph (1) shall apply to any person directed or engaged by the Agency to collect information to the extent such information is being collected on behalf of the Agency. (3) Definition of nonpublic personal information In this subsection, the term nonpublic personal information has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6809 ). . (b) Removal of exemption for the Agency from the Right to Financial Privacy Act Section 1113 of the Right to Financial Privacy Act of 1978 ( 12 U.S.C. 3413 ) is amended by striking subsection (r). 732. Repeal of Council authority to set aside Agency rules and requirement of safety and soundness considerations when issuing rules (a) Repeal of authority (1) In general Section 1023 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5513 ) is hereby repealed. (2) Conforming amendment Section 1022(b)(2)(C) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5512(b)(2)(C) ) is amended by striking , except that nothing in this clause shall be construed as altering or limiting the procedures under section 1023 that may apply to any rule prescribed by the Bureau . (3) Clerical amendment The table of contents under section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the item relating to section 1023. (b) Safety and soundness check Section 1022(b)(2)(A) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5512(b)(2)(A) ) is amended— (1) in clause (i), by striking and at the end; (2) in clause (ii), by adding and at the end; and (3) by adding at the end the following: (iii) the impact of such rule on the financial safety or soundness of an insured depository institution