CFPB Finalizes Proposed Open Banking Rule on Personal Financial Data Rights
The Consumer Financial Protection Bureau recently finalized a rule on personal financial data rights, implementing Section 1033 of the Consumer Financial Protection Act of 2010. This marks a transformative step toward open banking in the United States.
The CFPB’s rule aims to create a more consumer-centric financial ecosystem, allowing consumers greater control over their financial data and offering them the ability to switch providers seamlessly.
Print and share
Authors
Explore more in
Age of Disruption
We live in a disruptive age, with ever-accelerating advances in technology largely fueling the disruption permeating almost every aspect of our lives.
We created the Age of Disruption blog with the goal of exploring the emerging technologies reshaping society and the business and legal considerations that they raise.