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
By: Daniel Castro and Michael Steinberg | November 6, 2017 | Center for Data Innovation Over the past few years, some scholars, advocates, and policymakers have argued that businesses which possess large quantities of data, such as social media companies, present inherent competition concerns.1 These concerns are misplaced for a number of reasons, one being