News

10.20.2017
 

A CFPB policy everybody seems to like (really)

By Penny Crosman | October 20, 2017 | American Banker The Consumer Financial Protection Bureau’s entrance into the battle between banks and fintechs over customer information appears to have done something remarkable by largely pleasing both sides. Banks have welcomed the statement of principles because they are non-binding, while fintechs are encouraged by the CFPB’s

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10.19.2017
 

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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10.18.2017
 

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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