The Consumer Financial Protection Bureau (CFPB) has proposed a controversial rule that would give consumers greater access to and control over their financial data. The proposed rule aims to jumpstart open banking and has been long-awaited. Open banking is expected to change the financial services landscape and its global acceleration and adoption will be shaped by four critical pillars. The CFPB has been effective in policing bad actors in the financial industry, with more than $17 billion returned to victimized consumers in 12 years.
CFPB Proposes Financial Data and Open Banking Rule https://t.co/36rSRmOOtn
With more than $17 billion back in the pockets of victimized consumers in just 12 years, the @CFPB has been one of the most effective financial regulators in history at policing bad actors in the financial industry. https://t.co/PRG4CO7wTe https://t.co/hA9L2baoiL
Open banking will change the financial services landscape, but its global acceleration and adoption will be shaped by four critical pillars. @EYnews https://t.co/aBnK1ejeZl rt @antgrasso #OpenBanking #Finserv #Fintech https://t.co/MyBkjc8WCE
CFPB Launches Rulemaking to "Jumpstart" Open Banking https://t.co/Ul6NrXkPUh
CFPB Proposes Controversial Personal Financial Data Rights Rule https://t.co/1PBcu0tt8r | by @whitecase
CFPB Issues Proposed Rule Offering Consumers Greater Access to and Control Over Their Financial Data https://t.co/D5EscwYqxO | by @ballardspahrllp
Quick Readout: CFPB Issues Long-Awaited Open Banking Proposal https://t.co/D4hpZF8Dp2 | by @MoFoLLP