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Data Rights Financial Institutions

Perkins Coie

CFPB Finalizes Proposed Open Banking Rule on Personal Financial Data Rights

Perkins Coie on

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

Cadwalader, Wickersham & Taft LLP

CFPB's Personal Financial Data Rights Proposed Rule, Part 4

This final installment of our coverage on the Consumer Financial Protection Bureau’s proposed rule regarding “personal financial data rights” builds upon concepts and concerns covered in our earlier posts. For an overview of...more

Buchalter

The CFPB’s Proposed Personal Financial Data Rights Rule – Financial Institutions Would Face Competitive, Operational and...

Buchalter on

In an effort to promote “open banking” and reduce “sticky banking”, make it easier for consumers to compare their current financial institution to competitors, and to generally increase competition among financial...more

Cadwalader, Wickersham & Taft LLP

Technology and Other Obligations for the CFPB's Personal Data Financial Rights Rule, Part 3

In our continuing series on the proposed rule introduced by the Consumer Financial Protection Bureau (“CFPB”) regarding Personal Data Financial Rights, this week’s installment examines the obligations that are applicable to...more

Ballard Spahr LLP

Trade groups seek extension of comment period on CFPB Section 1033 proposal

Ballard Spahr LLP on

Fifteen trade groups have joined in a letter to the CFPB requesting an extension of the comment period on the CFPB’s proposed rulemaking on personal financial data rights. The proposal implements Section 1033 of the...more

Morgan Lewis

Contract Corner: Model Data Access Agreement to Foster Fintech Growth

Morgan Lewis on

The Clearing House (the oldest banking association and payments company in the United States) recently released a model agreement as a voluntary starting point to facilitate data sharing between financial institutions and...more

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