Reported about 1 month ago
The U.S. Consumer Financial Protection Bureau has announced new open banking rules aimed at enhancing consumer control over financial data and fostering competition among financial service providers. These long-awaited regulations will enable consumers to easily transfer their data between banks, borrow on better terms, and revoke access to their data at any time. The rules also include strong privacy protections to ensure that consumer data is not misused.
Source: YAHOO