Direct deposits and the CFPB’s new open banking rule

The combination of today’s uncertain macroeconomic conditions and the Consumer Financial Protection Bureau’s new open banking rule coming this year has consumers wanting quick access to cash from their banks under the watchful eye of regulators. Listen as Kurt Lin, Pinwheel chief executive, and Raj Date, advisor at Pinwheel and former deputy director of the CFPB, discuss today’s macroeconomy and the importance of secure direct deposit offerings ahead of the CFPB’s new open banking policies.