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Preparing for the CFPB’s new open banking rule episode artwork

EPISODE · Dec 13, 2022 · 16 MIN

Preparing for the CFPB’s new open banking rule

from The Buzz · host FinAi News

The Consumer Financial Protection Bureau (CFPB) plans to propose a new open banking rule in 2023 requiring financial institutions to share consumer data upon consumers’ requests. Along with the new parameters come fresh opportunities for exploitation of data from bad actors — and financial institutions should remain aware of gaps in the rule that fraudsters could take advantage by implementing authentication processes to secure consumer data.

What this episode covers

The Consumer Financial Protection Bureau (CFPB) plans to propose a new open banking rule in 2023 requiring financial institutions to share consumer data upon consumers’ requests. Along with the new parameters come fresh opportunities for exploitation of data from bad actors — and financial institutions should remain aware of gaps in the rule that fraudsters could take advantage by implementing authentication processes to secure consumer data.

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Preparing for the CFPB’s new open banking rule

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Frequently Asked Questions

How long is this episode of The Buzz?

This episode is 16 minutes long.

When was this The Buzz episode published?

This episode was published on December 13, 2022.

What is this episode about?

The Consumer Financial Protection Bureau (CFPB) plans to propose a new open banking rule in 2023 requiring financial institutions to share consumer data upon consumers’ requests. Along with the new parameters come fresh opportunities for...

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