It’s amazing that Open Banking, once a visionary concept, is now celebrating its seventh anniversary. When it launched in the UK in 2018, its mission was clear: to transform the financial services ...

Since the launch of open banking, it has been positioned as a transformative force in people’s lives. It has the power to fundamentally change how people interact with their finances and the industry ...

The Consumer Financial Protection Bureau (CFPB) finalized its “open banking” rule in late 2024. As required by Section 1033 of the Consumer Financial Protection Act, the CFPB promulgated the rule to ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. After the financial crisis, there was a recognition that ...

The Consumer Financial Protection Bureau (CFPB) finalized its long-awaited Personal Financial Data Rights rules under Section 1033 of the Dodd-Frank Act, marking a significant milestone in the ...

A quote, often attributed to Lao Tzu, states, “Nature does not hurry, yet everything is accomplished.” For all those involved in open banking, these may feel like cold words of comfort, because ...

President Trump's first administration laid the foundation for open banking in the United States through market-oriented principles. His second administration now has the opportunity to build upon ...

A future glimpse into how mortgages will be created in 2035 can be found in a woodsy office park in Athens, Georgia. FormFree, a mortgage fintech founded in the midst of the Global Financial Crisis by ...

Much has been said and written about open banking in the last few years, and 2024 certainly saw it achieve significant traction. The U.K.’s open banking roadmap reached full completion, with the ...

On May 30, the Consumer Financial Protection Bureau petitioned the U.S. District Court in Kentucky to vacate its rulemaking under Section 1033, which requires that banks support consumers wishing to ...

Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar with ...

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