News & Analysis as of

Open Banking State Attorneys General

McGlinchey Stafford

CFPB’s Open Banking Rules: Dead on Arrival or Alive and Well?

McGlinchey Stafford on

The Consumer Financial Protection Bureau (CFPB) finalized its long-awaited Personal Financial Data Rights rules under Section 1033 of the Dodd-Frank Act, marking a significant milestone in the regulation of...more

Snell & Wilmer

Potential Impacts of the New Administration on Financial Institutions

Snell & Wilmer on

The inauguration of President Donald Trump on January 20, 2025, is anticipated to bring significant changes to the regulatory landscape for financial institutions. A central aspect of this shift is the expected overhaul of...more

Cozen O'Connor

CFPB Finalizes Rule for Recognizing Open Banking Standard Setters

Cozen O'Connor on

The CFPB finalized a rule establishing a process for recognizing open banking standards and outlined qualifications for entities to become recognized standard-setting bodies (Final Rule). Under the Final Rule,...more

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