News & Analysis as of August 4, 2025

Banking Sector

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In a Surprising Switch, CFPB Now Seeks to Rewrite Open Banking Rule

Sheppard Mullin Richter & Hampton LLP on 8/1/2025

On July 29, the U.S. District Court for the Eastern District of Kentucky granted the CFPB’s request to stay litigation challenging its open banking rule. The rule (previously discussed here) aimed to establish industry-wide...more

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Regulatory Reform › Data-Sharing › Banking Sector

In a Surprising Switch, CFPB Now Seeks to Rewrite Open Banking Rule

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