United States: CFPB Proposes Rule To Accelerate Shift To Open Banking - Goodwin Procter LLP

Credit: Mondaq- Published on November 1, 2023
The Consumer Financial Protection Bureau (CFPB) released a proposed rule to accelerate a shift toward open banking; the Board of Governors of the Federal Reserve Board (Federal Reserve)...

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In October 2023, the Consumer Financial Protection Bureau (CFPB) proposed a new rule intended to encourage "open banking". "Open banking" is a practice of...
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