The Consumer Financial Protection Bureau (CFPB) has approved the Financial Data Exchange’s (FDX) application to serve as a standard-setting body ...

The move is part of the CFPB's Open Banking regulation that mandates companies to share financial data with authorised parties.

The nonprofit will craft standards for consumer data sharing between financial institutions for the next five years.

Open banking allows third-party access to consumer banking data through APIs. The CFPB approved FDX's application to become a recognized industry standard setting body, which can issue standards ...

On January 8, 2025, the Consumer Financial Protection Bureau (CFPB) issued an order recognizing Financial Data Exchange, Inc. (FDX) as ...

FDX, a standard-setting body operating in the United States and Canada, applied for the role in September and was officially recognized by the CFPB on Wednesday as an organization that will set the ...

The Consumer Financial Protection Bureau issued separate policy statements on "sandbox approvals" and no-action letters for ...

Many firms are running fast to come into compliance with the CFPB’s recent Open Banking regulation and give customers more control over their financial data. The recognition underscores FDX’s position ...

You are responsible for reading, understanding, and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's Terms of Use and Privacy Policy ...