Crypto and Fintech Coalition Urges U.S. Regulators to Protect Consumer Data Rights in Open Banking Rule
Quick Breakdown Crypto, fintech, and retail groups call on CFPB to finalize a strong open banking rule under Section 1033 of the Dodd-Frank Act. Coalition includes Blockchain Association, Crypto Council for Innovation, and Financial Technology Association. Groups argue consumers, not banks, should own and control their financial data, supporting access ...