Banking Sector, Data Protection, Open Banking

A Hard Reset on 1033?: A Look at What’s Next for Open Banking

Morrison & Foerster LLP on 6/13/2025

The financial services industry generally, and data aggregators specifically, have watched intently as the Trump administration has altered the course of the Consumer Financial Protection Bureau (CFPB or “Bureau”), in an...more

CFPB’s Open Banking Rules: Dead on Arrival or Alive and Well?

McGlinchey Stafford on 2/19/2025

The Consumer Financial Protection Bureau (CFPB) finalized its long-awaited Personal Financial Data Rights rules under Section 1033 of the Dodd-Frank Act, marking a significant milestone in the regulation of...more

Open Banking: Navigating the Emerging Regulatory Landscape

Skadden, Arps, Slate, Meagher & Flom LLP on 10/28/2020

Open banking is an important driver of the fintech revolution. Regulators have recognised open banking as a means of introducing competition and innovation in the banking sector. Likewise, fintechs are seizing the...more

Barak Cohen Quoted in VIXIO PaymentsCompliance - CFPB Opens Gate to Regulated Open Banking in US

Perkins Coie on 8/13/2020

Barak Cohen was quoted in VIXIO PaymentsCompliance "CFPB Opens Gate To Regulated Open Banking In U.S." regarding the new rule on third-party access to consumer financial data the Consumer Financial Protection Bureau (CFPB)...more

Open Finance: The Next Frontier in Fintech?

Latham & Watkins LLP on 1/23/2020

Call for input: Industry needs to engage as the FCA moves forward on its transformative vision for open finance. Imagine a world in which you could access your bank accounts, credit cards, mortgage, pensions, savings...more

Is Open Banking Coming to the United States?

K&L Gates LLP on 4/29/2019

What is Open Banking? Open banking is a collaborative model in which banks and other similar regulated financial institutions are required to share their customers’ financial data with third parties upon the request of...more