CFPB proposes Personal Financial Data Rights rule

CFPB Awkwardly Finalizes a Portion of Its Personal Financial Data ...

In the proposed PFDR rule, the CFPB commented that it was concerned that firms which presently have the consumer data would “inappropriately” ...

CFPB Finalizes Personal Financial Data Rights Rule - Lexology

The CFPB has finalized a rule promoting a shift toward open and decentralized banking by requiring depository and nondepository entities to ...

Letter to the CFPB on the Proposed Rule for Section 1033

ABA wrote a comment letter to CFPB in response to the Proposed Rule on Personal Financial Data Rights, which implements Section 1033 of the ...

US Open Banking given boost as CFPB proposes data rights rule

The Consumer Financial Protection Bureau (CFPB) has proposed the Personal Financial Data Rights rule, giving US consumers “the power to walk away from bad ...

Closed consultation on CFPB Personal Financial Data Rights Rule

On 29 December 2023, the Consumer Financial Protection Bureau (CFPB) closed its consultation as part of its rulemaking proposing a Personal Financial Data ...

Advocacy Requests Extension of Comment Period for CFPB's ...

Advocacy Requests Extension of Comment Period for CFPB's Personal Data Rights NPRM ... proposed rule on Personal Financial Data Rights. The ...

The CFPB Wants To Put You Back In Charge Of Your Personal ...

When finalized, the proposed rule will return power to consumers by giving them control over the use of their personal financial data. By ...

CFPB's New Open Banking Rule Targets Data-Sharing Consistency

The CFPB has said in its overview of the rule that giving consumers the legal right to share their information only for their preferred purposes ...

CFPB's Proposed Rule Is Poised to Level the Playing Field Among FIs

Known as the Required Rulemaking on Personal Financial Data Rights, the CFPB proposed 1033 update enables consumers to access and download their ...

Quick Readout: CFPB Issues Long-Awaited Open Banking Proposal

On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited proposed rule to facilitate what it views as open banking.

CFPB Proposes Personal Financial Data Rights Rule - Practical Law

The rule implements Section 1033 of the. Dodd-Frank Act, which requires financial institutions to make transaction data and other consumer ...

Federal: Comment Letter to CFPB on Proposed Required ...

In principle, AFC supports the goals of the Proposed Rulemaking to codify consumers' rights to access and control their financial data, as well ...

CFPB Issues 'Fast Facts' for Proposed Personal Financial Data ...

On Nov. 1, 2023, the Consumer Financial Protection Bureau (CFPB) issued a high-level overview of the topics covered in its proposed Personal ...

FinTech Focus: The CFPB's New “Open Banking” Rule: Consumers ...

In a nutshell, the CFPB's Personal Financial Data Rights rule would require “data providers” –financial institutions, card issuers, digital ...

The CFPB Formally Proposes 1033 Open Banking Rule - Finovate

“We strongly support the proposed rule, which will put consumers in full control of their financial data and empower them to choose the ...

Key Takeaways From CFPB's Proposed Data-Sharing Rules - Law360

The proposed rule implements Section 1033 of the Dodd-Frank Act, which provides consumers the right to access and port their financial ...

Joint Trades Letter regarding CFPB's Proposed Rulemaking on ...

Joint Trades Letter regarding CFPB's Proposed Rulemaking on Personal Financial Data Rights ... Read the full letter HERE. Related Resources. img.

Analyzing the CFPB's Personal Data Financial Rights Rule

The CFPB has proposed a Personal Financial Data Rights rule, granting consumers broad access and control over their financial institutions' ...

CFPB's Personal Financial Data Rights Rule - Securiti.ai

On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued the final Personal Financial Data Rights Rule (the final rule) ...

CFPB Proposes Personal Financial Data Rights Rule

Under the CFPB's proposed rule, consumers would have access to their data without any junk fees through safe and reliable digital interfaces.