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CFPB, open banking rule
Trade groups challenge CFPB’s open banking rule on Day 1
Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue the bureau, arguing overreach.
CFPB Finalizes Open Banking (Section 1033) Rule
On October 22nd, the Consumer Financial Protection Bureau ("CFPB") issued its final open banking rule, which implements section 1033 of the Dodd
CFPB issues final rule on open banking
Payment apps are included in the data-control rule, in a change from last year’s proposal. Banks and credit unions with less than $850 million in assets are exempt.
Crowdfund Insider
19h
Global Fintech Wise Issues Statement on CFPB Open Banking Rules: “Wise encourages the CFPB to consider expanding the scope of this rule”
Via a spokesperson, Wise shared their opinion: “The finalized
rule
from the
CFPB
on
open
banking
is a crucial step ...
JD Supra
12h
CFPB Finalizes Open Banking Rule
On October 22, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued its final rule implementing Section 1033 of the Dodd-Frank Act ...
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Consumer Financial Protection Bureau
United States
Kentucky
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