Today, FDATA North America sent a letter to Acting CFPB Director Russell Vought urging the Bureau not to vacate the final rule implementing Section 1033 of the Dodd-Frank Act. The CFPB’s Personal Financial Data Rights rule, finalized in Oct. 2024, is a critical step forward for consumer access, innovation, and secure data-sharing. Repealing it would: - Hamper financial innovation - Reduce market competition - Empower the largest incumbents to block challengers As our Executive Director Stev...
