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
February 3, 2021, Washington, DC - Today, FDATA North America submitted comments to the US Consumer Financial Protection Bureau (CFPB) in response to its Advanced Notice of Proposed Rulemaking (ANPR) regarding consumer access to financial records, or Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
October 22, Washington, DC – Steve Boms, Executive Director of the Financial Data and Technology Association (FDATA) of North America released the following statement regarding the Consumer Financial Protection Bureau’s advanced notice of proposed rulemaking (ANPR) on Section 1033 of the Dodd-Frank Act.
July 17, 2020, Washington, DC - Today, the Financial Data and Technology Association (FDATA) of North America released a paper on competition issues surrounding customer-directed finance and the financial data access competitive landscape in Canada. The paper’s release comes ahead of a virtual presentation by FDATA North America Executive Director Steve Boms, Senator Colin Deacon, and Michael Binetti, partner at Affleck Greene McMurtry LLP.
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Resources
Open Banking
FDATA 1033 ANPR PFDR Comment Letter
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