CFPB finalizes ‘open banking’ rules for consumer data sharing
According to the CFPB, as the rules take effect, consumers will be able to transfer their data between banks free of charge and without obstacles.
New CFPB rule aims to make switching banks easier by requiring free release of personal data
The Consumer Financial Protection Bureau announced a final rule that will allow consumers to switch banks more easily by requiring banking institutions to release certain personal data for free.
Experts Comment on New CFPB Open Banking Rules
The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect
CFPB's open banking rule faces suit from Bank Policy Institute
The Bank Policy Institute is among the parties that filed a lawsuit late Tuesday to challenge the Consumer Financial Protection Bureau's new open banking rule.
CFPB Finalizes New Rule Expanding Consumer Financial Data Privacy Rights
The Consumer Financial Protection Bureau (CFPB) finalized a rule today that's expected to expand consumers rights, privacy, and security over their personal financial data.
CFPB finalizes rule that lays the foundation for open banking
The rule requires financial providers, including mortgage companies, to share personal financial data with peers when customers request it.
What CFPB's open banking rule does to advance payment innovation
Section 1033 promised to increase competition in banking and improve the ability to offer novel payment methods, but experts say the regulation isn't clear enough to have a major impact.
CFPB Reveals Open Banking Rules
The Consumer Financial Protection Bureau (CFPB) has completed its rulemaking process for certain segments of Open Banking.
CFPB Director on new consumer banking data rules
Consumer Financial Protection Bureau Director Rohit Chopra joins 'Squawk Box' to discuss a new rule requiring financial institutions to share customer data with other providers at customer request for free,
CFPB's 1033 open banking final rule gives banks relief on liability
The Consumer Financial Protection Bureau expanded the scope of the 1033 rule to include payment apps, and CFPB Director Rohit Chopra signaled some relief from liability for banks.
New CFPB Rule Could Make It Easier to Switch Banks
But that could all change, after the Consumer Financial Protection Bureau announced Tuesday that it finalized what supporters are calling an “open banking” rule, intended to make people’s financial histories portable so they can switch banks more easily.
Who's the boss? You are, under CFPB's new rule
CFPB says its new rule will give Americans more control over their financial data, spur competition and lower prices for ...
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) on Tuesday unveiled rules intended to increase competition that would require ...
Goldman Sachs Faces CFPB Fine Over Credit-Card Business
Goldman Sachs will be ordered to pay tens of millions of dollars in penalties by the Consumer Financial Protection Bureau ...
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CFPB bans private dispute resolution platform Ejudicate from arbitrating consumer financial product disputes
Specifically, the CFPB found that Ejudicate harmed borrowers by: In addition to permanently banning Ejudicate from arbitrating disputes about consumer financial products or services, the ...
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CFPB Sues Climb Credit for Misleading Students and Concealing Loan Costs
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Climb Credit, Inc., a student loan provider, and its principal shareholder, 1/0 Holdco LLC. The suit ...
CFPB cracks down on auto lenders for using misleading ads and charging bogus fees
The agency is going after illegal practices in auto finance, including fees for nonexistent services, and wrongly repossessed ...