CFPB Opens New Office of Competition and Innovation

Biden-Harris Administration Announces Broad New Actions to ...

Today, President Biden will be joined by Federal Trade Commission (FTC) Chair Lina Khan and Consumer Financial Protection Bureau (CFPB) Director ...

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

The rule moves the United States closer to having a competitive, safe, secure, and reliable “open banking” system. Today's rule is part of the ...

CFPB open banking proposal will be crucial - Payments Dive

... open banking and paves the way for a new generation of innovative financial applications. ... innovative, and competitive consumer financial ...

Joint Statement on Enforcement of Civil Rights, Fair Competition ...

... innovative new technologies just as they apply to other practices. The Consumer Financial Protection Bureau, the Department of Justice's Civil Rights Division ...

Rohit Chopra on X: "When only a handful of firms dominate a market ...

CFPB Launches New Effort to Promote Competition and Innovation ... The Consumer Financial Protection Bureau (CFPB) is opening a new office ...

AI and Privacy in the New Age of Open Banking

... Bureau (“CFPB”) has proposed an open ... open banking will drive exciting pro-consumer innovation and competition in financial services.

Consumer Access to Financial Records - Federal Register

Gary Stein, Office of Consumer Credit, Payments, and Deposits Markets at 202-435-7700; or Will Wade-Gery, Office of Innovation, at ...

CFPB Finalizes Open Banking Rule: What Financial Institutions and ...

The Rule is intended to strengthen data security and improve competition in the open-banking ecosystem by making it easier for consumers to ...

New Treasury Report Shows Fintech Industry Requires Additional ...

“While non-bank firms' entrance into core consumer finance markets has increased competition and innovation, it has not come without additional ...

The UK's Vision for the Future of Open Banking - PaymentsJournal

“For open banking to scale and help deliver more competition and innovation ... Consumer Financial Protection Bureau. Building on Section ...

CFPB Proposes New Regulation on Consumer Data Rights

... innovative new financial products and services, increasing competition in consumer financial services. ... financial firms is also known as open ...

CPFB states that it did not scrap no-action letter and compliance ...

The CFPB press release also announced that it “is opening a new office, the Office of Competition and Innovation, as part of a new approach ...

How the CFPB Can Enhance Competition in Consumer Finance ...

... financial data, allowing consumers to “more easily switch financial institutions and use new, innovative financial products.” This is a ...

Consumer Reports applauds CFPB's “open banking” rule

... financial data to make it easier to switch financial providers and foster competition ... “The CFPB's new rule requires financial institutions to ...

Banks, Fintechs Battle Over Customer Data in Open Banking Plan

... open banking rule from the Consumer Financial Protection Bureau ... Banks Say CFPB Needs to Beef Up Security in Open Banking Plan. Oct ...

FTC Chair Khan and Officials from DOJ, CFPB and EEOC Release ...

“Technological advances can deliver critical innovation—but claims of innovation must not be cover for lawbreaking. There is no AI exemption to ...

The Neural Network – November 2024

UK creates new Regulatory Innovation Office, with mandate to tackle regulatory barriers to innovative technologies ... CFPB") has become ...

US regulator looks to put Google under federal ... - Reuters

The U.S. Consumer Financial Protection Bureau (CFPB) has taken ... open up its mobile app store to competition. The Technology Roundup ...

Open banking rule unlikely to spur payment innovation

The Consumer Financial Protection Bureau's open banking regulation, called Section 1033, promised to increase competition in banking and ...

The Chopra Era at the Consumer Financial Protection Bureau

... CFPB contended that these developments “present new risks to consumers and to a fair, transparent, and competitive marketplace.”2. Fair ...