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CFPB Seeks Comments for New Open Banking Rule

The CFPB requests feedback on consumer data access, security, and fee policies under Section 1033, following legal challenges and industry concerns about data privacy and innovation.

Summary by paymentsdive.com
The agency wants to learn about costs, fees and consumer data risks associated with open banking as it seeks to revise a 2024 rule.

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paymentsdive.com broke the news in on Thursday, August 21, 2025.
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