The Consumer Financial Protection Bureau (CFPB) is proposing a rule to require depository and nondepository entities to make available to consumers and authorized third parties certain data relating to consumers’ transactions and accounts; establish obligations for third parties accessing a consumer’s data, including important privacy protections for that data; provide basic standards for data access; and promote fair, open, and inclusive industry standards. Comments are due by 12/29/2023.
Fast Facts regarding the proposed rule are at:
Fast Facts: Personal Financial Data Rights Proposed Rule (consumerfinance.gov)
