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ARTICLE · 18 DECEMBER 2025

CFPB Signals It Will Issue Interim Open Banking Rule As Funding Lapse Approaches

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On December 10, in a federal court filing, the CFPB stated that it plans to issue an interim final rule revising its open banking framework under the Dodd Frank Act's Section 1033.

United StatesFinance and Banking
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
Maxwell Earp-Thomas
Maxwell Earp-Thomas
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On December 10, in a federal court filing, the CFPB stated that it plans to issue an interim final rule revising its open banking framework under the Dodd Frank Act's Section 1033. The disclosure came in a status report filed in the Kentucky federal court litigation challenge over the rule that directed banks to make account data available free of charge for consumer sharing with fintechs.

The filing reiterates that the Bureau expects to have sufficient funds to operate only through the end of the year and intends to proceed directly to an interim rule.

The filing explains that the CFPB will notify the court shortly after issuing the interim rule and will work with the litigants to determine appropriate next steps in the related litigation. While the filing does not describe the substance or timing of the forthcoming rule, it reflects the Bureau's intent to complete expedited revisions before a possible lapse in funding.

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