CFPB Shocker: Industry Doesn't Hate Chopra's 'Open Banking' Rule -- Yet
Also, Barr wants to add more stressful scenarios to next year's stress tests
It’s a rare occasion when the CFPB proposes a new rule and the banking industry doesn’t lose its (collective) mind. Today was one of those days.
Director Rohit Chopra even did his best to provoke his banking opponents, rolling out the proposal to promote the sharing of customers’ account data on a press call where he characterized the effort as a way to …