As Crypto Pressure Mounts, CFPB Backpedals on Open Banking

Also, Atkins sells his consulting firm; new SEC investment management chief lays out priorities

The CFPB today asked a court to pause the lawsuit seeking to overturn its open banking regulation so the agency can re-write the rule. The unexpected move is a big win for fintech and crypto firms that support the bureau’s effort and have been lobbying the Trump administration in recent days. It’s a blow to big banks, which brought the case and only a c…