The Consumer Financial Data Rights Group (the “CFDR Group”) seeks to promote the voice of consumers and small businesses in the financial services system, defending their right to access and share their financial transaction data, while advocating for a fair and balanced system that puts these consumers and small businesses at the heart of the
The Consumer Financial Data Rights Group is pleased to have the opportunity to share its perspective regarding the financial technology market with the House Financial Services Committee Subcommittee on Financial Institutions. Click Here to read the full letter for inclusion in the record for the subcommittee’s hearing.
By Mary Wisniewski | November 28, 2017 | American Banker The squabble between banks and aggregators like Credit Karma or Kabbage over sharing financial data has been one of the most contentious and esoteric issues in digital banking. A set of principles published by the Consumer Financial Protection Bureau in mid-October affirmed consumers’ ownership rights over their financial data and said that banks and