CFPB Introduces Process to Recognize Open Banking Standards

The Consumer Financial Protection Bureau (CFPB) finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use “to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.” The rule identifies the… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged cfpb, consumer financial protection bureau, data rights, open banking