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When Will The US Open Banking Rule Come Into Force? 

Open Banking Excellence

Your guide to the Consumer Financial Protection Bureau's (CFPB) imminent proposals for a new regulatory framework governing “Personal Financial Data Rights” The US will propose a new “Open Banking Rule” this year which will set the foundations for an ecosystem with the potential to become the largest in the world.

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2025 Industry Outlook and New Regulatory Shifts: How IPA is Shaping the Future of Payments

Innovative Payments Association

The recent Republican sweep of the White House and Congress has sparked debates about deregulation and reshaping financial oversight. Additionally, the CFPB, often seen as a target for reform, may remain a key player under the new administration. However, industry leaders must temper their expectations.

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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. Its purpose was to review the agency’s handling of authorized third-party access to consumer’s financial data.

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FTC Looking For Comments On Customer Privacy, Security Amendments

PYMNTS

“We are proposing to amend our data security rules for financial institutions to better protect consumers and provide more certainty for business[es],” said Andrew Smith, director of the FTC’s Bureau of Consumer Protection, in a press release.

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An Open Road For Open Banking?

PYMNTS

Financial Conduct Authority (FCA), said in an interview with PYMNTS that the pandemic has helped shine a spotlight on the infrastructure underpinning the great digital shift toward online and contactless transactions. ” the Federal Reserve Bank of Boston said, “To date, U.S. That signals more rules on the horizon.

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Banks Line Up To Challenge CFPB

PYMNTS

Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. The controversial U.S.

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US Consumer Financial Protection Bureau proposes new rule to oversee Big Tech digital wallet and payment app providers

NFCW

The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer consumer finance services including digital wallets and payment apps – such as Apple and Google – to the same regulatory scrutiny and oversight as banks, credit unions and other financial institutions.