CFPB finalizes ‘open banking’ rules for consumer data sharing
According to the CFPB, as the rules take effect, consumers will be able to transfer their data between banks free of charge and without obstacles.
New CFPB rule aims to make switching banks easier by requiring free release of personal data
The Consumer Financial Protection Bureau announced a final rule that will allow consumers to switch banks more easily by requiring banking institutions to release certain personal data for free.
What the CFPB's open banking rule will do to data privacy, security
A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule.
CFPB finalizes rule that lays the foundation for open banking
The rule requires financial providers, including mortgage companies, to share personal financial data with peers when customers request it.
Experts Comment on New CFPB Open Banking Rules
The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect
CFPB's 1033 open banking final rule expands scope to payment apps
The Consumer Financial Protection Bureau expanded the scope of the 1033 rule to include payment apps, provides for some secondary uses of data, and extends the timeline for compliance.
CFPB Director on new consumer banking data rules
Consumer Financial Protection Bureau Director Rohit Chopra joins 'Squawk Box' to discuss a new rule requiring financial institutions to share customer data with other providers at customer request for free,
Goldman Sachs Faces CFPB Fine Over Credit-Card Business
Goldman Sachs will be ordered to pay tens of millions of dollars in penalties by the Consumer Financial Protection Bureau ...
Who's the boss? You are, under CFPB's new rule
CFPB says its new rule will give Americans more control over their financial data, spur competition and lower prices for ...
Meta, Google, fintechs could face more scrutiny in CFPB proposal
With the CFPB's constitutionality status secured, the bureau will likely aim to finalize its proposal on fintech in the near ...
CFPB to fine Goldman over $50M for card customer service, WSJ reports
Goldman Sachs (GS) will be ordered to pay north of $50M in penalties by the Consumer Financial Protection Bureau over its handling of its ...
Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
Goldman Sachs is facing a fine in the tens of millions of dollars from the U.S. Consumer Financial Protection Bureau over its ...
New attack on CFPB runs into early trouble in Texas
In its bid to toss the case, Active Network argued that the Supreme Court ruled that the bureau’s funding mechanism “is constitutional only so long as the Federal Reserve recognizes a surplus to fund ...
Morgan Stanley doesn’t expect CFPB announcement to adversely affect NerdWallet
Morgan Stanley notes that the CFPB announced earlier this morning that it has finalized Section 1033 of the Consumer Financial Protection Act, ...
Harris backs slashing medical debt. Trump's "concepts" worry advocates.
Health care experts are calling on lawmakers — and the next occupant of the White House — to help the millions of Americans ...