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.
Consumer Finance Watchdog Finalizes ‘Open Banking’ Rules Aimed at Driving Competition
A U.S. consumer finance watchdog finalized rules that will allow customers to transfer their bank data to another bank without having to pay fees or clear other hurdles designed to make such a switch difficult.
'Open banking' rules for consumer data unveiled by US watchdog
The top U.S. watchdog agency for consumer financial protection on Tuesday unveiled long-awaited rules intended to drive a shift toward open banking and spur competition, allowing consumers to control and share their own data when shopping for services.
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.
US Banks Prepare for New Era of Consumer Financial Data Sharing
US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for financial products.
US rolls out ‘open banking’ rules to make sharing financial data easier
The rules announced on Tuesday by the Consumer Financial Protection Bureau bring the US more in line with the UK and Europe, which had previously codified rules around how financial data is to be shared.
US banking industry files legal challenge against new 'open banking' rules
A pair of U.S. banking trade groups filed a lawsuit on Tuesday challenging new rules issued by the Consumer Financial Protection Bureau that would make it easier for consumers to switch between financial services providers.
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 ...
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Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra Shares Comments After Justice Department’s Lawsuit Against Visa
Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) Director, issued this past week a statement on the US Justice Department’s Lawsuit Against Visa (NYSE:V). CFPB Director Rohit ...
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Consumer Financial Protection Bureau
Reggie E. Davis, president of consumer banking at Flagstar Bank, talks about the company's imprint in Michigan and the changing dynamics of the industry on CBS Detroit's Michigan Matters.
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Consumer Financial Protection Bureau vs. Fairway Independent Mortgage Corporation
In a complaint filed in U.S. District Court in the Northern District of Alabama, the Consumer Financial Protection Bureau alleges Fairway Independent Mortgage Corporation engaged in a pattern ...
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Consumer Finance Protection Bureau puts RCM companies on notice over debt collection practices
The Consumer Financial Protection Bureau issued an advisory opinion on Oct. 1 warning debt collectors — including third-party revenue cycle management companies — that they are violating ...
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What Consumer Protection Lawyers Do and How to Become One
including the Consumer Financial Protection Bureau, the Department of Justice's Consumer Protection Branch, the Food and Drug Administration's Office of Regulatory Affairs and the Federal ...
MarketWatch28d
What Is the Consumer Financial Protection Bureau (CFPB)?
Created in response to the 2008 financial crisis, the Consumer Finance Protection Bureau (CFPB) is an independent federal government agency that aims to protect consumers from mistreatment by ...