The preliminary injunction in a federal lawsuit enjoins a U.S. open banking framework until the Consumer Financial Protection Bureau issues a new rule.

The court reasoned that Section 1033 authorizes banks to provide data to consumers and fiduciary-type representatives, not to commercial third parties such as fintech companies. It also explained that ...

A district court has agreed to halt compliance with the Consumer Financial Protection Bureau's Biden-era open banking rule ...

America’s financial system has always thrived on a delicate balance between innovation and security, freedom and fairness, ...

Banks and fintechs aired their arguments regarding the federal agency’s proposed revision of a rule on sharing consumer data.

Banks and fintechs are connecting digitally to share data, amid litigation over a rule to spur competition for financial ...

The CFPB recently published an Advance Notice of Proposed Rulemaking (ANPR) to reconsider four key issues related to its “Personal Financial Data Rights” rules, which were finalized at the end of 2024 ...

On May 30, 2025, the Consumer Financial Protection Bureau (CFPB) stated in a court filing that its “Open Banking Rule” (Rule) issued during the Biden administration “is unlawful and should be set ...

A coalition of banking groups has convinced a federal judge to temporarily block enforcement of a U.S. Consumer Financial Protection Bureau rule aimed at making it easier for consumers to switch ...

In comment letters on the Consumer Financial Protection Bureau's new rulemaking on personal financial data rights, consumers ...

The Consumer Financial Protection Bureau, the bureaucratic brainchild of Sen. Elizabeth Warren (D-MA), has become a textbook ...

BERWYN, Pa., Oct. 20, 2023 /PRNewswire/ -- Envestnet (ENV) | Yodlee is proud to unveil Credit Accelerator, a lending data solution that promotes financial inclusion by harnessing alternative data to ...