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A district court judge this week has denied allowing four groups — the American Fintech Council, Financial Data and Technology Association, Financial Health Network and Public Citizen — to file legal briefs in support of a rule on financial data rights.
July 8
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
June 30
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The data aggregator intends to continue sharing data with Envestnet and U.S. banks after the acquisition.
June 26
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The bank, which has spent years building an advanced data sharing system, says market forces will drive the project more than political support.
June 16
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Speakers at American Banker's Digital Banking Conference discussed financial technology trends including digital assets, cybersecurity and open banking.
June 5
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The Consumer Financial Protection Bureau and Bank Policy Institute filed twin motions for summary judgement to strike down a 2024 agency rule for being arbitrary and capricious and exceeding statutory authority.
June 2
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As banks standardize their data in anticipation of the rise of open banking, they're turning to common formatting standards, including from the FDX.
May 30
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Although the Trump administration is abandoning the CFPB's rule 1033, there are still a number of security standards to follow.
May 30
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Banks sued the Consumer Financial Protection Bureau last year to stop the 1033 open banking rule from taking effect. Now the Trump administration plans to kill the rule.
May 29
