US open banking faces setback with CFPB repeal

The US Consumer Financial Protection Bureau (CFPB) has confirmed it intends to rescind the 1033 open banking rule in a new legal filing  First published in final form in October 2024, the rule would have allowed Americans to instruct their financial institutions to securely share their data with third-party providers of their choosing. Now, less … Continue reading US open banking faces setback with CFPB repeal