CFDR Group Response to CFPB Principles For Consumer-Authorized Financial Data Sharing and Aggregation

On October 18, the Consumer Financial Protection Bureau (CFPB) outlined principles for consumer-authorized financial data sharing and aggregation. Below are statements from the Consumer Financial Data Rights (CFDR) group in response to the CFPB announcement:  “The CFDR group and its 35 member companies applaud the Consumer Financial Protection Bureau’s (CFPB) publication of thoughtful principles regarding a consumer’s ability to share their financial data through third-party tools that can

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CFPB Outlines Principles For Consumer-Authorized Financial Data Sharing and Aggregation

By Consumer Financial Protection Bureau | October 18, 2017 Bureau Seeks to Ensure a Workable Data Aggregation Market That Gives Consumers Protection and Value WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today outlined principles for protecting consumers when they authorize third party companies to access their financial data to provide certain financial products and

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The Coming War Over Your Financial Data

By Christopher Matthews | October 5, 2016 | Axios A growing number of consumers are embracing apps that mine their online saving and spending habits, and then recommend better financial decisions. Mint, Expensify, and Venmo are helping millions of users move money, invest, and plan their future. But the picture is much bigger: The firms making

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