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open banking
A federal court has issued a preliminary injunction preventing the CFPB from enforcing the open banking rule, which was passed last October. We discuss the opportunities of the delay for CFIs.
Open banking continues to reshape financial services for businesses and nonprofits. Here’s how to help business clients leverage open banking solutions as a compliance deadline approaches.
As open banking becomes more popular, the CFPB is working to establish standards for data sharing, assisted by FDX. CFIs should actively watch how things play out.
Even if your institution isn't required to comply with the new Personal Financial Data Rights rule, preparing for open banking is essential. As consumer demand for data sharing grows, adopting secure digital interfaces will help you stay competitive and meet evolving expectations.
In this second part of our review of 2024, we look at the challenges and opportunities arising from increased regulatory scrutiny, the rise of open banking, and the adoption of faster payments.
The CFPB is finalizing a rule that allows consumers and their representatives to access and share consumer data through secure interfaces. We explain the benefits and challenges of its implementation.