Open Banking
Consumers—not institutions—should control access to their financial data. FDATA has led advocacy in both the U.S. and Canada to ensure fair, secure, and competitive frameworks.
- United States: Defending Section 1033 of the Dodd-Frank Act, engaging with the CFPB, and pushing back against bank-imposed barriers.
- Canada: Supporting implementation of the Consumer-Driven Banking Act and advancing interoperability across provinces.
Related Press Releases
November 10, 2021, Washington, DC - Last week, the Financial Data and Technology Association (FDATA) of North America, along with the Paytechs of Canada Association and the Canadian Lenders Association (CLA), sent a joint letter to Finance Minister Chrystia Freeland requesting that the Department adopt the phase one and two recommendations of the Advisory Committee on Open Banking report and urging its public support for the same.
August 4, 2021, Washington, DC –The Financial Data and Technology Association (FDATA) of North America today issued a statement following Finance Minister Chrystia Freeland’s release of the report customer-directed finance (CDF) by the Advisory Committee on Open Banking.
March 15, 2021, Washington, DC - Today, the Financial Data and Technology Association (FDATA) of North America submitted comments to Canada's Department of Finance outlining its key recommendations for next steps in the deliver of Customer-Directed Finance (CDF).
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Resources
Open Banking
FDATA 1033 ANPR PFDR Comment Letter
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