Skip to Primary Navigation

Skip to main content

CFPB to rewrite Open Banking Rule

CFPB headquarters
Photo: JHVE Photo/Getty Images

Alexander Barzacanos

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The rule was received enthusiastically by fintechs but faced resistance from some traditional banking institutions.

The Consumer Financial Protection Bureau (CFPB) informed a federal court that it plans to revise its Biden-era Open Banking Rule, as part of a motion requesting a stay to litigation challenging the rule’s legality. The move marks a reversal for the agency, which previously asked the court to have the

, , , , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience