'They Don't Want to Get Sued': CFPB Struggles With Open Banking Rule

Also, PCAOB hires new enforcement chief; Selig adds senior staff at CFTC

The Trump administration seems to have finally settled on a future for the CFPB, with a permanent director nominee lined up and staff returning to a new D.C. office next month. There’s one pressing policy issue, however, that the bureau’s leaders are struggling to figure out: how to revise the open banking rule.

Setting guardrails for how banks share con…