CFPB signs off on standard-setting body’s application for open-banking rule
Financial Data Exchange will set standards under the agency’s Personal Financial Data Rights rule, allowing consumers to access and transfer their personal financial data.
CFPB says green light for FDX to issue open banking standards
The U.S. Consumer Financial Protection Bureau said Wednesday it approved an application from Financial Data Exchange ("FDX") to deliver standards for open banking, marking the first order of recognition to be issued under the consumer watchdog's Personal Financial Data Rights rule.
The CFPB Picks FDX for Oversight of U.S. Open Banking Standards
The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, but has met challenges, notably a lawsuit filed by the Bank Policy Institute and the Kentucky Bankers Association.
FDX Recognized by CFPB as a Standard-Setting Body, a Step Forward for Open Banking
SALT LAKE CITY, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The Financial Data Exchange (FDX) is pleased to announce its official recognition by the Consumer Financial Protection Bureau (CFPB) as an industry standard-setting body for the U.S. open banking ecosystem.
CFPB Approves Financial Data Exchange as Open Banking Standard Setter
On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as the first
CFPB authorises FDX as open banking standards setter in US
The move is part of the CFPB's Open Banking regulation that mandates companies to share financial data with authorised parties.
The National Law Review1d
Complying With the New "Open Banking" Regime: Primer and Fact Sheet
The Consumer Financial Protection Bureau (CFPB) finalized its “open banking” rule in late 2024. As required by Section 1033 ...
How AI Is Transforming Banking and What It Means for Your Money
Artificial Intelligence (AI) is part of us and has transformed how we live and work today. This transformation is also ...
The Times of Israel2d
Israel’s Leading Role in Fintech Innovation Drives Global Open Banking Adoption
In 2023 alone, early-stage fintech funding reached a seismic $500 million in Israel, with $1.4 billion raised in the wider ...
Are Banks Open on New Year's Eve and New Year's Day 2025?
With many businesses closing during the holidays, it's wise to handle your banking, shipping and postal needs ahead of time.
Forbes11d
What Is Offshore Banking?
Andrew Dehan is a professional writer who writes about real estate and finance. He is also a published poet, musician and nature-lover. He lives in metro Detroit with his wife, two kids and dogs.