Global Fintech & Digital Assets Blog

Tag Archives: CFPB

CFPB Puts Fintechs in the Crosshairs

The agency just revived its dormant authority to supervise nonbank financial entities that it determines pose risk to consumers.  By Matt Hays, Benjamin Naftalis, Parag Patel, Barrie VanBrackle, and Deric Behar On April 25, 2022, the Consumer Financial Protection Bureau (CFPB) — the US government agency established under the Dodd-Frank Wall Street Reform and Consumer … Continue Reading

The Road Ahead for Open Banking in the US

A new Executive Order could help open the door for the portability of consumer financial data. By Charles Weinstein and Deric Behar Definitive regulation for open banking may be on the horizon in the US. On July 9, 2021, President Biden issued an Executive Order on Promoting Competition in the American Economy (the Order), which … Continue Reading
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