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 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.
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
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.
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.
The National Law Review1d
Complying With the New "Open Banking" Regime: Primer and Fact Sheet
The Consumer Financial Protection Bureau (CFPB) finalized its “open banking” rule in late 2024. As required by Section 1033 ...
The Times of Israel3d
Israel’s Leading Role in Fintech Innovation Drives Global Open Banking Adoption
In 2023 alone, early-stage fintech funding reached a seismic $500 million in Israel, with $1.4 billion raised in the wider ...
How AI Is Transforming Banking and What It Means for Your Money
Artificial Intelligence (AI) is part of us and has transformed how we live and work today. This transformation is also ...
Banking for couples: Should you open a joint savings account with your partner?
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Are Banks Open on New Year's Eve and New Year's Day 2025?
With many businesses closing during the holidays, it's wise to handle your banking, shipping and postal needs ahead of time.
Why you should open a CD with an online bank this January
Most banks and credit unions offer CDs, but opening one with an online bank could make a lot of sense right now.
Forbes1d
TD Bank Promotions Of January 2025: Earn Up To $300 For Opening A New Account
Open an account and receive qualifying direct ... Your TD Bank Bonus May Be Taxable Typically, banking bonuses are considered income for tax purposes because, unlike credit card bonuses that ...