Background on Open Banking and the CFPB -
The Consumer Financial Protection Bureau (CFPB) recently finalized a rule on personal financial data rights (Rule), implementing Section 1033 of the Consumer Financial Protection Act...more
11/20/2024
/ Banking Sector ,
Competition ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Rights ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
New Rules ,
Open Banking ,
Popular ,
Proposed Regulation ,
Regulatory Requirements ,
Technology
The Consumer Financial Protection Bureau (CFPB) announced that it was issuing a Notice of Proposed Rulemaking regarding Personal Financial Data Rights on October 19, 2023. The proposed rule (Proposed Rule) would implement...more
3/20/2024
/ Banking Sector ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
EFTA ,
Fair Credit Reporting Act (FCRA) ,
Federal Industry Standards ,
Financial Regulatory Reform ,
Financial Services Industry ,
Gramm-Leach-Blilely Act ,
Notice of Proposed Rulemaking (NOPR) ,
Open Banking ,
Personal Finances ,
Proposed Rules ,
Regulatory Requirements ,
Technology
Purpose -
Distributed ledger technology (“DLT”), including the use of blockchain technology, has been touted as a way to create and validate digital identities that serve many of the same purposes that physical forms of...more
5/22/2017
/ Anti-Money Laundering ,
Blockchain ,
Compliance ,
Data Privacy ,
Data Security ,
Digital Data ,
Distributed Ledger Technology (DLT) ,
Ethereum ,
General Data Protection Regulation (GDPR) ,
Identity Protection Services ,
Identity Theft ,
Privacy Laws ,
Self-Sovereign Identity (SSI) ,
Technology ,
UFADAA