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.
Consumer Finance Watchdog Finalizes ‘Open Banking’ Rules Aimed at Driving Competition
A U.S. consumer finance watchdog finalized rules that will allow customers to transfer their bank data to another bank without having to pay fees or clear other hurdles designed to make such a switch difficult.
'Open banking' rules for consumer data unveiled by US watchdog
The top U.S. consumer finance watchdog on Tuesday unveiled long-awaited rules that would make it easier for consumers to switch between financial services providers, a move the agency said was aimed at boosting competition.
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 rolls out ‘open banking’ rules to make sharing financial data easier
The rules announced on Tuesday by the Consumer Financial Protection Bureau bring the US more in line with the UK and Europe, which had previously codified rules around how financial data is to be shared.
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.
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Why every fed should consider an HSA
There is something exciting about having a health insurance plan that can reduce your taxes while also providing tax-free ...
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 ...
US banking industry files legal challenge against new 'open banking' rules
A pair of U.S. banking trade groups filed a lawsuit on Tuesday challenging new rules issued by the Consumer Financial ...
How to protect a loved one in cognitive decline from financial harm
To prevent or spot the kind of situation that can devastate a person’s finances requires that you be both observant and ...
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Consumer Financial Protection Bureau
Reggie E. Davis, president of consumer banking at Flagstar Bank, talks about the company's imprint in Michigan and the changing dynamics of the industry on CBS Detroit's Michigan Matters.
Business owners in disaster areas should be wary of possible scams
The devastation of Hurricanes Milton and Helene have opened the floodgates for people seeking disaster relief. Along with ...
New services for financially struggling Californians to come under more scrutiny by state regulators
The California Department of Financial Protection and Innovation is requiring four more types of consumer lending firms to ...
Goldman Sachs Faces CFPB Fine Over Credit-Card Business
An enforcement action is expected as soon as this week pertaining to bank’s Apple credit-card program ...
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 ...