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Consumers urge CFPB to protect data in open banking plan
Yahoo Finance· 2025-10-30 23:03
With the Trump administration embarking on its own rulemaking on personal financial data rights, a district court judge on Wednesday sided with banks by halting compliance dates and enforcement of the Biden-era rule.The 1033 rule, known for its section of the Dodd-Frank Act, was first initiated in 2016 and was finalized in October under former CFPB Director Rohit Chopra with bipartisan support in Congress. But the CFPB was immediately sued by the Bank Policy Institute, Kentucky Bankers Association and Forch ...