[4]The rule takes effect in March, rendering this lawsuit one to watch for lenders.[5] CFPB’s recent efforts to activate Section 1033 of the Consumer Financial Protection Act. In October 2024, the CFPB finalized the Personal Financial Data Rights Rule to limit the use of personal ...
Now led by acting Director Russell Vought, the CFPB has ceased regular operations amid a Trump administration push to slash its size and budget. The Financial Technology Association had accordingly asked to be appointedto defendthe open banking rule in BPI’s lawsuit, but Judge Reeves punted on ...