Open banking

Fintech group urges court to uphold CFPB’s open banking rule

Fintech group urges court to uphold CFPB’s open banking rule

Bloomberg News The Financial Technology Association filed a motion for summary judgment in federal court late Sunday, defending a final rule on consumer financial data rights that the Consumer Financial Protection Bureau under the Trump administration refused to uphold. The FTA said in a court filing that consumers cannot share their data without easy access […]

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Court allows fintechs to defend CFPB’s open banking rule

Court allows fintechs to defend CFPB’s open banking rule

Bloomberg News A federal judge granted the Financial Technology Association the right to intervene in the Consumer Financial Protection Bureau’s open banking rule, allowing the fintech industry to defend a rule on consumer financial data rights that the Trump administration refused to uphold.   On Wednesday, U.S. District Court Judge Danny Reeves said the FTA has

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