News

FTA CEO says open banking central to fintechs’ work
The leader of the Financial Technology Association sees a federal court battle over the Consumer Financial Protection Bureau ...
JD Supra4d
CFPB Moves to Vacate Its Own Open Banking Rule Citing Legal Deficiencies and Overreach
On May 30, 2025, the Consumer Financial Protection Bureau (CFPB) took the rare step of asking the US District Court for the Eastern District ...
JD Supra5d
CFPB states the Section 1033 Open Banking rule exceeds its authority
In its motion for a summary judgment in a lawsuit challenging the regulation, the CFPB stated it has concluded that the Section 1033 Rule ...