The Consumer Financial Protection Bureau is embarking on a new open banking proposal that pits banks against fintechs and underscores the difficulty of crafting a rule that gives consumers access to ...
The market size of open banking is projected to surpass $48 billion dollars in 2026, continuing double-digit annual growth. While much of this share has been dominated by banks in Europe and Latin ...
The CFPB recently published an Advance Notice of Proposed Rulemaking (ANPR) to reconsider four key issues related to its “Personal Financial Data Rights” rules, which were finalized at the end of 2024 ...
Imagine a rule that forced banks to hand over your bank account credentials and sensitive transaction information to third parties with no guarantee of security, and all for free. It’s no fantasy–this ...
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