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Paymentsdive
CFPB to hover as open banking evolves
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Dominant payments players and financial services companies will not have leeway to dictate the terms of open banking in the U.S., Consumer Financial Protection Bureau Director Rohit Chopra made clear in a post on the agency's website Monday. The CFPB, which polices and regulates the financial services market, is preparing to issue a rule proposal with respect to open banking later this year.
- Publication: Publisher namePaymentsdive
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- June 15, 2023