fintech / news / / Bloomberg
The Consumer Financial Protection Bureau has been holding meetings with stakeholders interested in shaping a revamped open banking rule.
The CFPB is reconsidering its open banking rule following recent industry feedback.
KEY POINTS
- JPMorgan Chase now informs fintechs it will charge for each customer data access request.
- The CFPB appears open to allowing lenders to charge for data access under a revised rule.
- Stakeholders with direct knowledge report CFPB's receptiveness to industry proposals during meetings.
COMPANIES
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