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ARTICLE · 01 NOVEMBER 2023

CFPB Proposes Rule To Accelerate Shift To Open Banking

Goodwin Procter LLP
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The Consumer Financial Protection Bureau (CFPB) released a proposed rule to accelerate a shift toward open banking; the Board of Governors of the Federal Reserve Board (Federal Reserve)...

United StatesFinance and Banking
Nicole Griffin
Nicole Griffin
Samantha Kirby
Samantha Kirby
William McCurdy
William McCurdy
Nico Ramos
Nico Ramos
Danielle Reyes
Danielle Reyes
Ben See
Ben See

In this Issue. The Consumer Financial Protection Bureau (CFPB) released a proposed rule to accelerate a shift toward open banking; the Board of Governors of the Federal Reserve Board (Federal Reserve), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) approved long-awaited final rules to modernize the Community Reinvestment Act (CRA) regulations; and the Federal Reserve and other agencies announced an extension of the comment period on their large bank capital proposal and related data collection. These and other developments are discussed in more detail below.

Regulatory Developments

CFPB Proposes Rule to Accelerate Shift to Open Banking

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