A federal judge granted the Financial Technology Association the right to intervene in the Consumer Financial Protection Bureau’s open banking rule, allowing the fintech industry to defend a rule on consumer financial data rights that the Trump administration refused to uphold. On Wednesday, U.S. District Court Judge Danny Reeves said the FTA has a substantial
The Consumer Financial Protection Bureau is expected to amend, or rescind and reissue, the rule on consumer financial data rights, potentially throwing out years of work under the Biden administration on a regulation that banks have long opposed, experts say. How the Trump administration will change the open banking rule is still unknown, but there
Bespin Global, an international cloud management and consulting firm for banks, is seeking to help U.S. banks build their open banking tech stack through a partnership with London-based Ozone API. The move comes as U.S. banks work to implement the open banking rule that was finalized by the Consumer Financial Protection Bureau last year. The