CFPB finalizes ‘open banking’ rules for consumer data sharing
According to the CFPB, as the rules take effect, consumers will be able to transfer their data between banks free of charge and without obstacles.
New CFPB rule aims to make switching banks easier by requiring free release of personal data
The Consumer Financial Protection Bureau announced a final rule that will allow consumers to switch banks more easily by requiring banking institutions to release certain personal data for free.
CFPB Finalizes New Rule Expanding Consumer Financial Data Privacy Rights
The Consumer Financial Protection Bureau (CFPB) finalized a rule today that's expected to expand consumers rights, privacy, and security over their personal financial data.
US Banks Prepare for New Era of Consumer Financial Data Sharing
US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for financial products.
CFPB Director on new consumer banking data rules
Consumer Financial Protection Bureau Director Rohit Chopra joins 'Squawk Box' to discuss a new rule requiring financial institutions to share customer data with other providers at customer request for free,
CFPB's open banking rule faces suit from Bank Policy Institute
The Bank Policy Institute is among the parties that filed a lawsuit late Tuesday to challenge the Consumer Financial Protection Bureau's new open banking rule.
New CFPB Rule Could Make It Easier to Switch Banks
But that could all change, after the Consumer Financial Protection Bureau announced Tuesday that it finalized what supporters are calling an “open banking” rule, intended to make people’s financial histories portable so they can switch banks more easily.
Who's the boss? You are, under CFPB's new rule
CFPB says its new rule will give Americans more control over their financial data, spur competition and lower prices for ...
Goldman Sachs Faces CFPB Fine Over Credit-Card Business
Goldman Sachs will be ordered to pay tens of millions of dollars in penalties by the Consumer Financial Protection Bureau ...
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) unveiled rules Tuesday intended to increase competition that would require ...
CFPB cracks down on auto lenders for using misleading ads and charging bogus fees
The agency is going after illegal practices in auto finance, including fees for nonexistent services, and wrongly repossessed ...
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Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
WASHINGTON — The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. The justices ruled 7-2 that the way the ...
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Consumer Finance Protection Bureau puts RCM companies on notice over debt collection practices
The Consumer Financial Protection Bureau issued an advisory opinion on ... they collect on inaccurate or invalid medical debts. The CFPB has received complaints from people receiving ...
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Justice Department, FTC and Consumer Financial Protection Bureau Warn Consumers About Scams and Price Gouging in the Wake of Hurricanes and Disasters
As the nation braces for another major hurricane, the Justice Department, along with the Federal Trade Commission (FTC) and ...
Goldman Sachs Faces US CFPB Fine Over Credit Card Business, WSJ Reports
(Reuters) -Goldman Sachs is facing a fine in the tens of millions of dollars from the U.S. Consumer Financial Protection ...
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CFPB bans private dispute resolution platform Ejudicate from arbitrating consumer financial product disputes
Specifically, the CFPB found that Ejudicate harmed borrowers by: In addition to permanently banning Ejudicate from arbitrating disputes about consumer financial products or services, the ...