Posts Tagged ‘CFPB’
CFPB recognises FDX as standards-setting body under new US Open Banking rule
Financial Data Exchange applied to be recognised as an approved standard-setting body in September last year.
Read MoreFeature: Open Banking in the US – a new era of consumer-centric innovations?
The Consumer Financial Protection Bureau has issued the final version of the Personal Financial Data Rights rule, so what’s at stake?
Read MoreCFPB issues final rule on supervision of digital payment apps
The most-widely used apps covered by its new rule collectively process more than 13 billion consumer payment transactions annually.
Read MoreCFPB finalises Open Banking rule in ‘pivotal moment’ for US consumers
Financial firms will be required to comply with the Personal Financial Data Rights rule based on their size, commencing in April 2026.
Read MoreFDX applies to be recognised as standards-setting body by CFPB
The non-profit organisation has also appointed its first chief executive officer in readiness for Open Banking regulation.
Read MoreNew Sensedia accelerator helps US fintechs comply with Open Finance
The Fintech API Accelerator Platform enables fintechs to scale at pace.
Read MoreUS Financial Services Committee members request changes to Open Banking rule
The members have written to the CFPB with some suggested revisions to secondary data use restrictions in the proposed Personal Financial Data Rights rule.
Read MoreCFPB joins federal agencies proposing data standardisation rule
Other federal financial regulatory agencies inviting comments on the proposed rule include the Federal Deposit Insurance Corporation and National Credit Union Administration.
Read MoreUS banks ask CFPB for longer to comply with data rights rule
The Bank Policy Institute, The Clearing House Association, the Consumer Bankers Association, and the American Bankers Association have written to CFPB’s Rohit Chopra.
Read MoreCFPB issues rule to recognise Open Banking standard setters
The US regulator wants to prevent incumbents from “rigging standards in their favor”.
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