CFPB authorises FDX

CFPB signs off on standard-setting body’s application for open-banking rule
Financial Data Exchange will set standards under the agency’s Personal Financial Data Rights rule, allowing consumers to access and transfer their personal financial data.
CFPB authorises FDX as open banking standards setter in US
The move is part of the CFPB's Open Banking regulation that mandates companies to share financial data with authorised parties.
CFPB picks FDX to set open banking standards
The nonprofit will craft standards for consumer data sharing between financial institutions for the next five years.
CFPB Approves Financial Data Exchange as Open Banking Standard Setter
On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as the first
CFPB says green light for FDX to issue open banking standards
The U.S. Consumer Financial Protection Bureau said Wednesday it approved an application from Financial Data Exchange ("FDX") to deliver standards for open banking, marking the first order of recognition to be issued under the consumer watchdog's Personal Financial Data Rights rule.
The CFPB Picks FDX for Oversight of U.S. Open Banking Standards
The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, but has met challenges, notably a lawsuit filed by the Bank Policy Institute and the Kentucky Bankers Association.
FDX Recognized by CFPB as a Standard-Setting Body, a Step Forward for Open Banking
SALT LAKE CITY, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The Financial Data Exchange (FDX) is pleased to announce its official recognition by the Consumer Financial Protection Bureau (CFPB) as an industry standard-setting body for the U.S. open banking ecosystem.
Financial Data Exchange becomes first US Open Banking standard setting body
The US Consumer Financial Protection Bureau (CFPB) has recognised Financial Data Exchange (FDX) as the first Open Banking standard setting body in the country.
American Banker10h
CFPB issues new fintech sandbox and no-action letter policy
The Consumer Financial Protection Bureau issued two separate policy statements on so-called "sandbox approvals," and "no ...
CNBC1d
Credit card late fees cost Americans billions a year — now they're capped at $8
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...
USA Today23d
New CFPB tool aims to help consumers save money on credit cards and avoid rewards scams
To help consumers, the CFPB launched the Explore Credit Cards tool using open data so people can more easily make apples-to-apples comparisons about their credit card options. The tool provides ...
CFPB gives FDX green light to issue open banking standards
The Consumer Financial Protection Bureau has approved Financial Data Exchange (FDX) as the first standard setting body for the regulator's new open banking regime.