The Financial Services Information Sharing and Analysis Center today unveiled an updated API — available to banks free of charge — to facilitate secure, tokenized transfer of customer data.
Browsing: Customer data access
Consumers need better information about what happens when they share bank account credentials with third-party financial aggregators, Federal Reserve Governor Lael Brainard said today at a fintech conference.
The Consumer Financial Protection Bureau today issued nine guiding principles for protecting consumers that choose to share their financial data with third parties and data aggregators.
Sen. Ed Markey (D-Mass.) weighed in today on the importance of security of customers’ financial data when they share it with third parties.
The CFPB today issued policy guidance on the loan-level Home Mortgage Disclosure Act data it will make available to the public under the revised HMDA data collection rules, which take effect in 2018.
ABA today submitted comments to the National Association of Insurance Commissioners on its draft of the insurance data security model law, which would establish data security and data breach notification standards for insurance licensees (insurers and insurance agencies).
Banks are actively developing ways to facilitate safe and secure data transmission via application programming interfaces.
The Sheltered Harbor initiative — an industry effort to improve sector-wide resilience in the face of a cyberattack — this week launched its website, ShelteredHarbor.org.
In a comment letter to the Consumer Financial Protection Bureau today, ABA offered several recommendations for protecting consumers’ financial information when it is being voluntarily shared with third party data aggregators.
The Securities and Exchange Commission will place an increased focus on automated investment advice in 2017, including “robo-advisers,” as part of its objective to protect retail investors, the agency said today.