If you asked the average person on the street if they would like their bank account data to be treated in the same way as data on Instagram or Facebook — that is, shared with advertisers, vendors and ...

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 ...

In its motion for a summary judgment in a lawsuit challenging the regulation, the CFPB stated it has concluded that the Section 1033 Rule (Rule) exceeds the agency’s statutory authority to create an ...

The first step in the future of open banking under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank" or the "Act") is here: in a notice posted August 22, 2025 (the "Notice"), ...

Roughly six months after the Consumer Financial Protection Bureau (CFPB) finalized a rule that lays the groundwork for open banking in the U.S. financial system, the bureau plans to vacate the rule.

In a sharp turn, the CFPB says it will revise rather than repeal the Biden-era Section 1033 open banking rule. The move comes as part of a legal fight with Forcht Bank and banking trade groups ...

The Consumer Financial Protection Bureau’s (CFPB) Section 1033 “open banking” rule—driven by President Biden’s former CFPB Director Rohit Chopra—hasn’t been vacated yet. But growing criticism from ...

Open banking rule presented as a consumer-friendly reform promising greater control over personal financial data deserves careful scrutiny.

Demonstrators protest against President Donald Trump and DOGE's plan to close the Consumer Financial Protection Bureau in front of the agency's headquarters in Washington, D.C., on Feb. 10, 2025.

A dozen state financial officers are writing to the Consumer Financial Protection Bureau (CFPB) to uphold consumers' right to share financial data with authorized third parties as the agency weighs a ...

Consumer watchdog groups say the CFPB quietly dropped at least 21 enforcement actions, many against repeat offenders. Agency plans to repeal the Open Banking Rule, a key consumer data protection, amid ...

The North America Open Banking Market is driven by the U.S. CFPB's Section 1033 rule, cloud adoption, FedNow's real-time payments, and rising demand for embedded finance. Key opportunities include ...