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Data-Sharing Data Management Banks

Ballard Spahr LLP

CFPB states the Section 1033 Open Banking rule exceeds its authority

Ballard Spahr LLP on

In its motion for a summary judgment in a lawsuit challenging the regulation, the CFPB stated it has concluded that the Section 1033 Rule (Rule) exceeds the agency’s statutory authority to create an open banking system...more

Mayer Brown

Facilitating Data Sharing in Open Finance - New Central Bank Resolution

Mayer Brown on

In October of this year, the Central Bank of Brazil announced an important measure to simplify the consent renewal process within the field of Open Finance. Joint Resolution No. 7/2023—which will amend certain articles of...more

Hogan Lovells

Open Banking: Disrupting relationships between customers and banks

Hogan Lovells on

The modern banking system has existed in much the same essential form since the first banks were opened up for customers to deposit money and valuable items centuries ago. ...more

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