CFPB Finalizes Personal Financial Data Rights Rule 1033
On October 22, 2024, the Consumer Financial Protection Bureau (the “CFPB”) finalized its personal financial data rights rule (“The Final 1033 Rule”
What the CFPB's open banking rule will do to data privacy, security
A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule.
Banks to Appeal Loss in CFPB Small Business Data Rule Lawsuit
Banks plan to appeal a Texas federal judge’s decision that allowed the Consumer Financial Protection Bureau’s small business demographic data rule to take effect.
Trade groups challenge CFPB’s open banking rule on Day 1
Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue the bureau, arguing overreach.
CFPB finalizes sweeping Personal Financial Data Rights Rule
The Consumer Financial Protection Bureau has issued a Final Rule establishing “open banking” and interoperability requirements for bank and
CFPB finalizes ‘open banking’ rules for consumer data sharing
According to the CFPB, as the rules take effect, consumers will be able to transfer their data between banks free of charge and without obstacles.
CFPB's open banking rule faces suit from Bank Policy Institute
The Bank Policy Institute is among the parties that filed a lawsuit late Tuesday to challenge the Consumer Financial Protection Bureau's new open banking rule.
New CFPB Rule Could Make It Easier to Switch Banks
But that could all change, after the Consumer Financial Protection Bureau announced Tuesday that it finalized what supporters are calling an “open banking” rule, intended to make people’s financial histories portable so they can switch banks more easily.
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CFPB will enforce Fair Credit Reporting Act on employee background reports, monitoring
Businesses need to follow the consumer protection rules of the Fair Credit Reporting Act (FCRA) when engaging in employee ...
Apple and Goldman Sachs Were Fined Nearly $90 Million By the Consumer Financial Protection Bureau — Here's Why
On Wednesday, the Consumer Financial Protection Bureau (CFPB) ordered Apple and Goldman Sachs to compensate customers ...
Consumer watchdog cautions companies against snooping on workers with surveillance tech
Surveillance tech has expanded abilities of firms to track employees, often without their consent, fed agency says.
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CFPB issues guidance on modern-day worker surveillance
The Consumer Financial Protection Bureau warned companies about modern-day surveillance of workers and requirements to follow ...
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Goldman, Apple to pay CFPB $89.8M over Apple Card issues
The bank and tech firm failed to address disputed transactions from their joint Apple Card program, the bureau alleged, and ...
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NNU registered nurses join Lansing CFPB and DOL field hearing
At a joint field hearing on Thursday, October 24 — hosted by the Department of Labor and the Consumer Financial Protection ...
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Global Fintech Wise Issues Statement on CFPB Open Banking Rules: “Wise encourages the CFPB to consider expanding the scope of this rule”
There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (CFPB).
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CFPB Sues Climb Credit for Misleading Students and Concealing Loan Costs
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Climb Credit, Inc., a student loan provider, and its principal shareholder, 1/0 Holdco LLC. The suit ...