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Data Protection Open Banking Compliance

K&L Gates LLP

Complying With the New "Open Banking" Regime: Primer and Fact Sheet

K&L Gates LLP on

The Consumer Financial Protection Bureau (CFPB) finalized its “open banking” rule in late 2024. As required by Section 1033 of the Consumer Financial Protection Act, the CFPB promulgated the rule to require certain financial...more

Alston & Bird

CFPB Approves Financial Data Exchange to Set Standards for 1033

Alston & Bird on

What Happened? Last week the CFPB issued an Order recognizing the Financial Data Exchange, Inc. (“FDX”) as the first standard setting body (“SSO”) under the CFPB’s Personal Financial Data Rights Rule (the “Rule”).  The Rule...more

Perkins Coie

Barak Cohen Quoted in VIXIO PaymentsCompliance - CFPB Opens Gate to Regulated Open Banking in US

Perkins Coie on

Barak Cohen was quoted in VIXIO PaymentsCompliance "CFPB Opens Gate To Regulated Open Banking In U.S." regarding the new rule on third-party access to consumer financial data the Consumer Financial Protection Bureau (CFPB)...more

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