Posts Tagged ‘Consumer Financial Protection Bureau’
US 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 MoreBlog: Day in the life of a delegate at OBExpo Canada
Dr Wayne Dowers, commercial credit advisor at RBC, documents his day at Open Banking Expo Canada and his highlights from a panel session on interoperability.
Read MoreCFPB issues rule to recognise Open Banking standard setters
The US regulator wants to prevent incumbents from “rigging standards in their favor”.
Read MoreCanadian government provides clarity on Open Banking framework in Budget 2024
The Financial Consumer Agency of Canada will be responsible for the oversight, administration and enforcement of consumer-driven banking.
Read MoreCFPB faces call for tougher approach to consumer financial data security
The Clearing House Association and Bank Policy Institute have written that “competition cannot come at the expense of data security”.
Read MoreCouncil of Canadian Innovators joins call for government to ‘enact’ Open Banking
The CCI has written an open letter to Canada’s Finance Minister, signed by Flinks and Borrowell among others, asking for a “clear roadmap”.
Read MoreOFNC says Canada ‘risks falling behind’ in open letter to Finance Minister
The Canadian government is under further pressure to implement Open Banking, after the Conservatives tabled a bill, the Consumer-Led Banking Act earlier this month.
Read MoreCFPB proposes Big Tech ‘play by the same rules’ as banks, credit unions
The Consumer Financial Protection Bureau seeks to supervise non-bank companies offering digital wallets and payment apps in line with banks and credit unions.
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