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.
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,
What CFPB's open banking rule does to advance payment innovation
Section 1033 promised to increase competition in banking and improve the ability to offer novel payment methods, but experts say the regulation isn't clear enough to have a major impact.
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 ...
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 ...
CUInsight5m
DCUC expresses concerns of CFPB’s 1033 rule
Today, the Defense Credit Union Council, DCUC, sent a letter to the  Consumer Financial Protection Bureau (CFPB), outlining significant concerns regarding ...
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 ...
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CFPB Bites of the Month - September 2024 - Wake Me Up When September Ends, CFPB
In this month's article, we share some of our top "bites" for the prior and current month covered during the September 2024 ...
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) on Tuesday unveiled rules intended to increase competition that would require ...
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 ...
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 ...