May 27, 2020, Washington, DC – Today, FDATA North America submitted comments to the US Consumer Financial Protection Bureau’s (CFPB) Task Force on Federal Financial Law following its Request for Information on options to harmonize, modernize, and update Federal consumer financial protection laws.
FDATA North America Submits Comments to US CFPB on Consumer Financial Protection Law
May 27, 2020
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The principle of OPEN BANKING and data sovereignty over financial data is paramount for consumers, and one we believe to be inherent.
Read our response to the CFPB's rule-making process on Rule 1033
Open banking as pivotal for consumer choice and financial freedom
Consumers own their accounts and financial data, and they should have portability over that information while seeking ...
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🚨Today, a coalition of trade associations is urging the CFPB to preserve open banking and protect Americans’ financial freedom.
Signers include:
FTA | @FintechPolicyUS | @BlockchainAssn | @crypto_council | @FDATAnorth | @NACSonline | @NationalGrocers | @NRFnews
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Open banking enables a consumer to connect their contracted financial institution to the services they wish to choose in order to expand their spectrum of choice in how they conduct their financial transactions.
via @ConsumerChoiceC
Open banking as pivotal for consumer choice and financial freedom
Consumers own their accounts and financial data, and they should have portability over that information while seeking ...
consumerchoicecenter.org
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