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CFPB Approves FDX Application With Conditions to Foster Transparency and Open Banking

The Consumer Financial Protection Bureau (CFPB) has approved the Financial Data Exchange’s (FDX) application to serve as a standard-setting body under the final rule for Personal Financial Data Rights, (“open banking”)...more

CFPB Reboots No-Action Letter and Sandbox Policies: A New Approach to Financial Innovation…Not

On January 3, 2025, the Consumer Financial Protection Bureau (CFPB) announced a comprehensive reboot of its No-Action Letter (NAL) and Compliance Assistance Sandbox (CAS) policies. The proposed policies on its face, marks a...more

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