FDATA in the News

Steve was quoted in American Banker warning that reopening the CFPB’s open banking rule would be a major setback if the CFPB started over by rescinding and reissuing another advance notice of proposed rulemaking. The CFPB under the Trump administration has already moved to negate rules issued under the Biden administration.

Steve was quoted in Bloomberg Law warning that reopening the CFPB’s open banking rule would “stall financial innovation and prolong uncertainty for both businesses and consumers in America.” The Trump administration is considering revisiting—or even vacating—the rule, which underpins Americans’ right to securely share their financial data with trusted fintechs.

Steve was quoted in Money explaining that debt settlement is best suited for individuals facing acute financial hardship and juggling multiple unsecured debts, noting that professional debt relief companies can often negotiate better outcomes thanks to their experience and creditor relationships. While debt settlement can significantly reduce what consumers owe, the article cautions that it also carries risks like credit score damage and growing balances if settlements aren’t reached.

Steve was mentioned in Open Banking Expo Canada, where he is scheduled to speak on June 26, 2026, highlighting FDATA North America’s advocacy for accelerating Open Finance and refining Canada’s Open Banking framework ahead of Budget 2025.

Steve was quoted in the The Logic, where he highlighted the irony of Canadian banks criticizing screen scraping as insecure while simultaneously using it themselves to power their own financial tools, underscoring the urgent need for open banking to provide a secure and standardized alternative.

Steve was published in the Open Banker, where he shared a compelling roadmap for leveraging fintech to drive innovation and improve consumer outcomes under the Trump administration. His insights highlight the importance of clear regulatory frameworks, expanded open banking, and right-sized oversight for fostering a competitive financial ecosystem.

Steve was published by The Globe and Mail, highlighting Canada’s delayed open banking journey and the urgent need to follow successful international models to foster innovation and competition. The piece emphasizes how the current approach risks stifling fintech innovation and entrenching barriers to entry for new market players.

Steve was quoted criticizing the Canadian government’s “one-size-fits-all” approach to open banking, which he warned could entrench a market dominated by a few large incumbents. He highlighted the need for a tiered system that supports innovation by recognizing the unique challenges faced by smaller fintech firms.

Steve was quoted highlighting that the new CFPB rule on consumer data significantly bolsters privacy protections by ensuring third-party consent is clear, time-bound, and restricts data use strictly to consumer-authorized purposes. He also emphasized that this rule is a crucial step towards creating a fairer, more competitive landscape in Open Banking, which will benefit consumers through lower fees and increased access to financial products.