Experian, FICO and Finicity today announced a new credit score, called the UltraFICO score, as part of a bid to ensure that creditworthiness is better reflected through credit scoring.

As more consumers seek to use various nonbank fintech solutions that depend on bank-based data, the Financial Services Information Sharing and Analysis Center today launched Financial Data Exchange, or FDX, an organization that will facilitate the secure sharing of customers’ data.

Ahead of a Senate Commerce Committee hearing on consumer data privacy today, ABA in a statement submitted for the record called on lawmakers to consider the existing set of privacy laws banks adhere to when drafting new federal privacy legislation.

Is open banking an aspirational slogan, a discrete business model or a regulatory regime?

As part of an ongoing effort to modernize U.S. data privacy policy, the Commerce Department’s National Telecommunications and Information Administration has published for comment a proposal intended to guide organizations as they develop new policies and procedures regarding the treatment of consumer data.

Two-thirds of consumers who use nonbank fintech apps are extremely concerned or very concerned about data privacy, according to a recent survey conducted for the Clearing House.

The Treasury Department today issued a long-awaited report recommending changes to laws and regulations affecting nonbank financial providers and the broader fintech environment.

Even if starting small, banks can begin to leverage open frameworks for trusted innovation.

Today’s banking challenge isn’t getting more customers. It’s getting the right customers.

With the General Data Protection Regulation -- the European Union’ new regulation governing the use of EU personal data -- taking effect today, ABA has developed several resources bankers can use to help them approach compliance.