CFPB Finalizes Personal Financial Data Rights Rule 1033
On October 22, 2024, the Consumer Financial Protection Bureau (the “CFPB”) finalized its personal financial data rights rule (“The Final 1033 Rule”
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.
Trade groups challenge CFPB’s open banking rule on Day 1
Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue the bureau, arguing overreach.
CFPB Finalizes New Rule Expanding Consumer Financial Data Privacy Rights
The Consumer Financial Protection Bureau (CFPB) finalized a rule today that's expected to expand consumers rights, privacy, and security over their personal financial data.
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.
CFPB finalizes sweeping Personal Financial Data Rights Rule
The Consumer Financial Protection Bureau has issued a Final Rule establishing “open banking” and interoperability requirements for bank and
CFPB's open banking rule faces suit from Bank Policy Institute
The Bank Policy Institute is among the parties that filed a lawsuit late Tuesday to challenge the Consumer Financial Protection Bureau's new open banking rule.
New CFPB Rule Could Make It Easier to Switch Banks
But that could all change, after the Consumer Financial Protection Bureau announced Tuesday that it finalized what supporters are calling an “open banking” rule, intended to make people’s financial histories portable so they can switch banks more easily.
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A complete guide to the CFPB's open banking rule
On Tuesday, the Consumer Financial Protection Bureau (CFPB) finalized a long-awaited rule that promises to enable ...
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CFPB will enforce Fair Credit Reporting Act on employee background reports, monitoring
Businesses need to follow the consumer protection rules of the Fair Credit Reporting Act (FCRA) when engaging in employee ...
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) unveiled rules Tuesday intended to increase competition that would require ...
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CFPB issues guidance on modern-day worker surveillance
The Consumer Financial Protection Bureau warned companies about modern-day surveillance of workers and requirements to follow ...
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Global Fintech Wise Issues Statement on CFPB Open Banking Rules: “Wise encourages the CFPB to consider expanding the scope of this rule”
There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (CFPB).
Consumer watchdog cautions companies against snooping on workers
Surveillance tech has expanded abilities of firms to track employees, often without their consent, fed agency says.
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CFPB Sues Climb Credit for Misleading Students and Concealing Loan Costs
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Climb Credit, Inc., a student loan provider, and its principal shareholder, 1/0 Holdco LLC. The suit ...