The Consumer Financial Protection Bureau’s recently announced intent to revise its personal financial data rights rules has cast a shadow on the future of open banking regulations in the U.S. Despite the overwhelming...more
10/20/2025
/ Administrative Procedure Act ,
Advanced Notice of Proposed Rulemaking (ANPRM) ,
APIs ,
Banking Sector ,
Banks ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Data Privacy ,
Data Security ,
Data-Sharing ,
Final Rules ,
FinTech ,
Open Banking ,
Pending Litigation ,
Popular ,
Proposed Rules ,
Rulemaking Process
The CFPB recently published an Advance Notice of Proposed Rulemaking (ANPR) to reconsider four key issues related to its “Personal Financial Data Rights” rules, which were finalized at the end of 2024 but have been mired in...more
9/9/2025
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Data Privacy ,
Data Security ,
Dodd-Frank ,
FinTech ,
Open Banking ,
Proposed Rules ,
Regulatory Reform ,
Rulemaking Process ,
Third-Party Service Provider
A rapid transformation in consumer finance is being brought about by open banking—a pivotal innovation that allows consumers to give third parties real-time access to their detailed financial data. Open banking has the...more