CFPB’s Decision to Abandon Open Banking Rule Sparks Controversy

The Consumer Financial Protection Bureau (CFPB) has decided to abandon its proposed open banking rule, prompting sharp criticism from the Financial Technology Association (FTA). The FTA, an advocate for fintech innovation, has labeled the move a “handout to Wall Street banks,” arguing it undermines efforts… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged cfpb, financial inclusion, fta, open banking, regulation, us