In a statement for the record shared ahead of a House Financial Services subcommittee hearing on consumer access to personal financial data tomorrow, the American Bankers Association emphasized that it fully supports customers’ ability to access and share their financial data in a secure, transparent manner that gives them control.
President Biden today issued a wide-ranging executive order on competition issues across the U.S. economy.
ABA and a coalition of financial trade associations today voiced their support for allowing customers to access financial records and to share that data securely.
The Consumer Financial Protection Bureau today issued an advance notice of proposed rulemaking on consumer-authorized access to financial records.
The Consumer Financial Protection Bureau will issue an advance notice of proposed rulemaking later in the year on consumer-authorized access to financial records, according to an announcement today.
The OCC today clarified its expectations for banks’ management of relationships with third-party providers, including fintech firms, cloud services providers and data aggregators.
Together with 11 of the nation’s largest banks, the Clearing House and Fidelity Investments today announced a new data-sharing network intended to give consumers greater control over how their financial data is shared with third-party providers.
With a new privacy law set to take effect Jan. 1 in California, the American Bankers Association today called on the state’s attorney general to make changes to a set of proposed implementing regulations to help financial institutions comply while ensuring consumer protection.
In a statement submitted for the record in tomorrow’s House Financial Services Committee fintech task force hearing, ABA highlighted the importance of protecting consumers when they choose to share their financial data with third parties.
Highlighting consumer demand for seamless digital delivery of financial services, FDIC Chairman Jelena McWilliams today emphasized the role of core banking technology companies in facilitating digital transformation.