JD Supra

CFPB Finalizes Open Banking (Section 1033) Rule

On October 22nd, the Consumer Financial Protection Bureau ("CFPB") issued its final open banking rule, which implements section 1033 of the Dodd Frank Act ("Final Rule"). The Final Rule requires data ...
JD Supra

CFPB Section 1033 Open Banking Rule Stayed as CFPB Initiates New Rulemaking

In a significant turn of events, the Consumer Financial Protection Bureau (CFPB or Bureau) has decided to initiate a new rulemaking process concerning its final rule on personal financial data rights ...
American Banker

CFPB revamps 1033 open banking rule with new focus on fees

The Consumer Financial Protection Bureau has done an about-face on its open banking rule, issuing a new proposal seeking comment on whether banks can charge fees for data access and if third parties ...
American Banker

CFPB to amend or reissue 1033 open banking rule, experts say

The Consumer Financial Protection Bureau is expected to amend, or rescind and reissue, the rule on consumer financial data rights, potentially throwing out years of work under the Biden administration ...