Contact: Laine Williams, (202) 897-4757, lwilliams@allonadvocacy.com
Washington, DC, February 3, 2025 – The Financial Data and Technology Association of North America (FDATA), a trade association representing more than three dozen financial technology and open finance companies in the United States and Canada, today welcomed the appointment of Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (“CFPB” or “Bureau”).
Steve Boms, Executive Director of FDATA North America, released the following statement:
“Acting Director Bessent takes the helm at a crucial moment for financial data access and consumer protection. As the CFPB moves toward finalizing the implementation of Section 1033, we urge the Bureau to uphold its commitment to ensuring a competitive, innovative, and consumer-centric financial ecosystem. We look forward to engaging with Acting Director Bessent and his team to advance policies that empower consumers and support financial inclusion.”
