Open banking: Catalyst for innovation, competition
![](https://bankautomationnews.com/wp-content/uploads/2023/11/366905760-scaled.jpg)
Open banking regulation is in the works — finally. The Consumer Financial Protection Bureau (CFPB) announced in October 2022 a plan to propose a rule in 2023 requiring financial institutions to share consumer data upon request by the consumer. One year later, on Oct. 19, 2023, the bureau unveiled its Personal Financial Data Rights proposal. […]
Comments are closed.