Core providers can help FIs prepare for open banking
Banks should look to their core providers to ensure they have the API frameworks to be compliant with this week’s ...
Tag: regulation
CFPB open banking rule to force innovation
Experts are assessing the effects of the Personal Data Right rule on consumers, competition and innovation following the Consumer Financial ...
Goldman, Apple to pay $89M after CFPB card probe
Goldman Sachs Group Inc. and Apple Inc. will pay more than $89 million to resolve a long-running investigation into their ...
US banks prepare for new era of consumer financial data sharing
US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a ...
TD invests in leadership, data to improve AML compliance
TD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in data and technology following regulatory scrutiny resulting ...
CFPB fines TD Bank $28M
TD Bank was ordered to pay $28 million in fines by the Consumer Financial Protection Bureau, which ruled the bank ...
FIs weigh in on US open banking regulation
The Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial ...
CFPB funding under new scrutiny
The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. The Supreme Court upheld the CFPB’s ...
CFPB probes emerging AI-based tech
The Consumer Financial Protection Bureau has once again made it clear that new AI- and machine learning-based technologies are held to the ...
Larger FIs may need more time to implement open banking
Open banking regulation is quickly approaching but financial institutions are asking the Consumer Financial Protection Bureau to extend the timeline ...
