This article has been revised to reflect the Aug. 22 publication of an advance notice of proposed rulemaking, or ANPR. A new rule on personal financial data rights – also known as “open banking” – […]
A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by […]
Applications to become a recognized standard setter under the Personal Financial Data Rights (PFDR) rule of the Consumer Financial Protection Bureau (CFPB) will be accepted through a webpage introduced Tuesday, the agency said. Under a […]
Establishing the process for recognizing data-sharing standards to comply with an upcoming “open banking” rule is the aim of final rule issued Wednesday, the federal consumer financial protection agency said. The Consumer Financial Protection Bureau […]
Codifying the attributes that standard-setting organizations must demonstrate to be recognized under a proposed, final “open banking” rule would be accomplished before the final rule is issued, likely this fall, the head of the federal […]
“Open banking” – the practice of enabling consumer-permissioned sharing of financial data with third parties to empower consumers – is supported by the regulator of national banks, but not at the expense of dissolving banking’s […]
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