CFPB Initiates Process to Regulate Financial Data Access
By EsqSocial Corporation 29/10/20
Last week, with the issuance of an Advance Notice of Proposed Rulemaking (ANPR), the Consumer Financial Protection Bureau (CFPB) announced its intention to explore regulation of open banking. The Notice requests public input on a broad array of concerns with respect to the "data access ecosystem," including consumer privacy, security, and effective consumer control over access to data in light of the secondary commercialization of data by data aggregators....
By: Davis Wright Tremaine LLP