CFPB
RegulatorsThe 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) in October 2024, but in 2025 moved to reconsider and rewrite it; a federal court has since enjoined the CFPB from enforcing the rule while that reconsideration is underway.
Consumer 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) in October 2024, but in 2025 moved to reconsider and rewrite it; a federal court has since enjoined the CFPB from enforcing the rule while that reconsideration is underway.
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) in October 2024, but in 2025 moved to reconsider and rewrite it; a federal court has since enjoined the CFPB from enforcing the rule while that reconsideration is underway.
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) in October 2024, but in 2025 moved to reconsider and rewrite it; a federal court has since enjoined the CFPB from enforcing the rule while that reconsideration is underway.
How does CFPB relate to Open Banking?
Consumer Financial Protection Bureau is a key concept in the Open Banking ecosystem, falling under the Regulators category. 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) in October 2024, but in 2025 moved to reconsider and rewrite it; a federal court has since enjoined the CFPB from enforcing the rule while that reconsideration is underway.
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