CFPB
RegulatorsConsumer Financial Protection Bureau
Definition
The Consumer Financial Protection Bureau is a U.S. government agency responsible for consumer protection in the financial sector. The CFPB issued the Personal Financial Data Rights rule (implementing Section 1033) that establishes Open Banking requirements in the United States.
Related Terms
Frequently Asked Questions
What is Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau is a U.S. government agency responsible for consumer protection in the financial sector. The CFPB issued the Personal Financial Data Rights rule (implementing Section 1033) that establishes Open Banking requirements in the United States.
What does CFPB stand for in Open Banking?
CFPB stands for Consumer Financial Protection Bureau. It is a fundamental concept in Open Banking and PSD2 regulations. The Consumer Financial Protection Bureau is a U.S. government agency responsible for consumer protection in the financial sector. The CFPB issued the Personal Financial Data Rights rule (implementing Section 1033) that establishes Open Banking requirements in the United States.
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