CFPB plans to reconsider its Section 1033 personal financial data rights rule effective Ja
Consumer Financial Protection Bureau issued a regulatory action on August 5, 2026.
- Primary
- Consumer Financial Protection Bureau
- Date
- August 5, 2026
- Sub-sector
- Financial Data / Open Banking
Open Banking and financial data portability rules directly impact sub-$250M fintechs building data aggregation, API access, and consumer consent platforms. Regulatory reconsideration creates uncertainty about compliance requirements and product roadmaps, but also potential opportunity if the rule is softened.
Source: pymnts.com