CFPB Deluged with Open Banking Comments

CFPB deluged with open banking comments

Banks and fintechs aired their arguments regarding the federal agency’s proposed revision of a rule on sharing consumer data.

ATR Submits Comment Letter Urging CFPB to reject Biden-Era Dodd-Frank Rule

On August 21, 2025, Americans for Tax Reform submitted a comment letter urging the Consumer Financial Protection Bureau (CFPB) to reject price controls on bank data while the bureau  revisits a Biden-era rule. In August, the CFPB issued an Advance Notice of Proposed Rulemaking regarding the revision of the Biden-Era Personal Financial Data Rights Rule to implement Section 1033 of the Dodd-Frank Act. Earlier this year, the CFPB initially decided …

Consumer group warns against changes to CFPB rule on personal financial data

As the Consumer Financial Protection Bureau mulls changes to the rule that gives the public more control over their personal financial data, a leading advocacy group is urging the agency to not go backwards on privacy and accessibility. In a letter sent Tuesday to the CFPB, Consumer Reports made the case that the agency’s rulemaking on personal financial data rights should strengthen privacy and security protections in data-sharing “while addres…

American Fintech Council defends open banking rights

The American Fintech Council has urged the CFPB to uphold fee prohibitions and preserve consumer access to financial data. The appeal comes as the Bureau reconsiders the Personal Financial Data Rights Rule under Section 1033 of the Dodd-Frank Act. In its comments, AFC emphasised the importance of maintaining open banking innovation and ensuring that consumers can freely access and share their financial data without facing data access fees. The o…

SIIA Submits Comments on CFPB’s Reconsideration of Personal Financial Data Rights Rule

The Software and Information Industry Association (SIIA) submitted comments to the Consumer Financial Protection Bureau (CFPB) regarding its reconsideration of the Personal Financial Data Rights rule under Section 1033 of […] The post SIIA Submits Comments on CFPB’s Reconsideration of Personal Financial Data Rights Rule appeared first on SIIA.

POLITICS: ATR Submits Comment Letter Urging CFPB to reject Biden-Era Dodd-Frank Rule – USSA News

On August 21, 2025, Americans for Tax Reform submitted a comment letter urging the Consumer Financial Protection Bureau (CFPB) to reject price controls on bank data while the bureau  revisits a Biden-era rule. In August, the CFPB issued an Advance Notice of Proposed Rulemaking regarding the revision of the Biden-Era Personal Financial Data Rights Rule to implement Section 1033 of the Dodd-Frank Act. Earlier this year, the CFPB initially decided …