Proposed CFPB Rule on Personal Financial Data Rights

CFPB Proposes New Regulation on Consumer Data Rights

On October 31, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a new regulation, referred to as the Personal Financial Data ...

CFPB Finalizes Personal Financial Data Rights Rule to Boost ...

The rule requires financial institutions, credit card issuers, and other financial providers to unlock an individual's personal financial data ...

CFPB Personal Financial Data Rights Proposal - Goodwin

The proposed rule would require providers to share consumer data such as transaction history, account balance, and upcoming billing with customers themselves.

Navigating the CFPB's Personal Financial Data Rights Rule

While the CFPB expects data providers to share consumer data on request, it recognizes the need for some safeguarding against risks like fraud ...

CFPB personal financial data rights final rule analysis available

Everything credit unions should know about the CFPB's final personal financial data rights rule is included in America's Credit Unions' latest Final Regulation ...

Morgan Lewis Discusses Final CFPB Rule on Personal Financial ...

Almost exactly a year after issuing a Notice of Proposed Rulemaking (NPRM) on Personal Financial Data rights, on October 22, 2024, the Consumer ...

CFPB Personal Financial Data Rights Proposed Rule

As we have stressed throughout this rulemaking process, America's banks firmly believe that customers own their own financial data, ...

CFPB Proposals for Section 1033, Personal Financial Data Rights

CFPB Proposals for Section 1033, Personal Financial Data Rights · Providing “authorization disclosures” that: · Issuing consumers with a certification statement ...

CFPB Personal Financial Data Rights Rule Promotes Competition ...

The new rule will provide significant benefits by making it easier for consumers to switch banks or other financial services providers.

CFPB Final Rule Summary on Industry Standard Setting (Personal ...

The Consumer Financial Protection Bureau (CFPB) finalized (in part) its proposed rule on consumer data rights under Section 1033 of the Consumer Financial ...

CFPB Proposes Data Rights Rule to Accelerate the Shift to “Open ...

On October 19, the Consumer Financial Protection Bureau (CFPB) issued its highly anticipated notice of proposed rulemaking to implement ...

CFPB finalises personal financial data rights rule - ThePaypers

According to the official press release, the rule will ensure that clients will be able to access and share data associated with bank accounts, ...

CFPB Proposes New Rule on Personal Financial Data Rights

The proposed rule aims to implement consumers' right to access their financial data in a data provider's possession, custody or control.

New Obligations With CFPB's Final Personal Financial Data Rights ...

On October 22, 2024, the CFPB issued its final rule implementing the federal law established in 2010 by the Consumer Financial Protection Act ...

CFPB Issues Proposed Open Banking Rule - Perkins Coie

The Proposed Rule makes clear that the sale or use of data for targeted advertising is not reasonably necessary. Certain written disclosure ...

The CFPB's Finalized Personal Financial Data Rights Rule - Clarip

This limited scope allowed financial institutions to argue against broader data rights obligations. The new CFPB rule upends this approach, ...

CFPB Issues Proposed Rule Offering Consumers Greater Access to ...

On October 19, 2023, the Consumer Financial Protection Board (“CFPB”) released a proposed rule that, if enacted, would grant consumers ...

23-EA-20: CFPB - Personal Financial Data Rights - NAFCU

On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) published a notice of proposed rulemaking (NPRM) to implement section 1033 of the ...

CFPB Finalizes New Rule Expanding Consumer Financial Data ...

The Consumer Financial Protection Bureau (CFPB) finalized a rule today that's expected to expand consumers rights, privacy, and security ...

What to Know: CFPB Anticipated to Finalize Rule on Personal ...

If finalized as proposed, this long-awaited rule – referred to by some as an “open banking” rulemaking – would require data providers, including ...