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.
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.
What the CFPB's open banking rule will do to data privacy, security
A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule.
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,
'Open Banking' Rules for Consumer Data Unveiled by US Watchdog
Open Banking' Rules for Consumer Data Unveiled by US Watchdog By Douglas Gillison (Reuters) - The top U.S. watchdog agency for consumer financial protection on Tuesday unveiled long-awaited rules intended to drive a shift toward open banking and spur competition,
US rolls out ‘open banking’ rules to make sharing financial data easier
The rules announced on Tuesday by the Consumer Financial Protection Bureau bring the US more in line with the UK and Europe, which had previously codified rules around how financial data is to be shared.
US Banks Prepare for New Era of Consumer Financial Data Sharing
US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for financial products.
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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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, ...
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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 ...
American Banker6h
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 ...
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CFPB Reveals Open Banking Rules
The Consumer Financial Protection Bureau (CFPB) has completed its rulemaking process for certain segments of Open Banking.
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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 ...