Open banking looks better with crypto
An “unlawful” open banking bill from the Biden administration might not be so terrible after all.
The Consumer Financial Protection Bureau is reformulating its views on how a U.S. open finance regime should work, an about-face after asking a federal judge in May to vacate the “unlawful” rule bureau leaders had found lacking in several regards.
The CFPB is collecting public comment through Oct. 21 on three dozen questions it posed last month as it sorts through the intentions of Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
How did the CFPB’s “unlawful” financial data rule of May, left to die by judicial decree, become one requiring…
