Talking About the CFPB's Open Banking Rule
Also, Jamie Dimon's six-month extension as BPI chair stokes speculation
Friday Q and A: Next week, a big item is set to be checked off the Biden administration’s financial regulatory to-do list: the CFPB’s open banking rule. The mandate is designed to give consumers more control over their financial data, and it has been met with a mix of anticipation and trepidation by banks and fintech firms alike. Director Rohit Chopra w…