CFPB open banking rule announced; JPMorgan CEO opposes
Consumer Financial Protection Bureau issued Final rule affecting JPMorgan Chase on October 23, 2024.
- Primary
- Consumer Financial Protection Bureau
- Counterparty
- JPMorgan Chase
- Structure
- Final rule
- Date
- October 23, 2024
- Sub-sector
- Financial Data / Open Banking
CFPB open banking rule enables consumer data portability between fintech and banks; JPMorgan plans legal challenge citing data security and fraud risks.
Source: livemint.com