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Open Banking Financial Institutions Advanced Notice of Proposed Rulemaking (ANPRM)

Ballard Spahr LLP

CFPB invites comments on new Section 1033 ‘open banking’ rule

Ballard Spahr LLP on

As promised, the CFPB is issuing an Advance Notice of Proposed Rulemaking soliciting comments on the agency’s open banking rule....more

Morrison & Foerster LLP

Quick Readout: CFPB Issues Long-Awaited Open Banking Proposal

Morrison & Foerster LLP on

On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited proposed rule to facilitate what it views as open banking. The proposed rule would implement Dodd-Frank Act Section 1033 (12 U.S.C....more

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