CFPB Approves Application from Financial Data Exchange to Issue ...
2 days ago · FDX’s stated primary purpose is to develop, improve and maintain a common, interoperable standard for secure consumer and business access to financial records. In September 2024, the CFPB received the application for recognition from FDX. CFPB published the application from FDX for public comment later that month. The application was then the ...
FDX Recognized by CFPB as a Standard-Setting Body, a Step …
22 hours ago · SALT LAKE CITY, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The Financial Data Exchange (FDX) is pleased to announce its official recognition by the Consumer Financial Protection Bureau (CFPB) as an ...
FDX Recognized by CFPB as a Standard-Setting Body, a Step …
1 day ago · In the wake of the CFPB’s final1033 Rulemaking, FDX is in the process of updating a consensus standard data format that aligns with relevant portions of the Rulemaking and supports compliance. The CFPB’s recognition comes at a critical time, with the recent rollout of new open banking regulations in the United States creating new compliance ...
CFPB recognizes FDX as open banking standard-setting body
2 days ago · The Consumer Financial Protection Bureau today announced it has officially recognized the Financial Data Exchange as a standard-setting body under the bureau’s financial data-sharing regulation. FDX is the first organization to be given recognition. The CFPB last year issued a rule establishing the qualifications that organizations must meet to become recognized standard-setting bodies under ...
FDX Recognized by CFPB as a Standard-Setting Body, a Step
22 hours ago · In the wake of the CFPB’s final1033 Rulemaking, FDX is in the process of updating a consensus standard data format that aligns with relevant portions of the Rulemaking and supports compliance.
The CFPB Picks FDX for Oversight of U.S. Open Banking Standards
21 hours ago · The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, but has met challenges, notably a lawsuit filed by the Bank …
CFPB Approves Financial Data Exchange as Open Banking …
18 hours ago · On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as the first standard-setting body under the Personal Financial Data Rights ...
On the Eve of Open Banking Regulations, Collaborative Industry …
Sep 23, 2024 · The Financial Data Exchange (FDX)—an industry standards body focused on Open Banking—announced today significant changes as it prepares to play a bigger role in the industry. The FDX Board has approved plans to grow its staff and today is announcing Kevin Feltes as its new Chief Executive Officer, effective November 2024.
CFPB launches public comment process for open banking …
Sep 24, 2024 · The Consumer Financial Protection Bureau (CFPB) is taking a crucial step towards implementing rules for open banking in the United States. We are now publishing the first application for public comment from an organization seeking recognition as …
FDX now able to issue Open Banking standards after receiving CFPB ...
1 day ago · Furthermore, FDX sent an application for recognition to the CFPB back in September 2024, with the bureau then publishing it for public comment later during the same month. The CFPB took into consideration several aspects before approving FDX’s application, including the ban on pay-to-play and other conflicts of interest, mandatory reporting ...
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