Section 1033

CFPB Section 1033 - Personal Financial Data Rights

UpcomingOpen BankingNorth America
United States • Regulated by Consumer Financial Protection Bureau (CFPB)
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Effective Date
Apr 2025
Expected
Full Compliance
Apr 2030
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Regulator
Consumer Financial Protection Bureau
CFPB
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Scope Areas
3

Overview

The CFPB's Section 1033 rule establishes consumer rights to access and share their financial data. It requires data providers to make consumer financial data available through secure interfaces and prohibits certain data sharing practices.

Note: Final rule issued October 2024. Phased implementation based on institution size.

Jurisdiction

United States
View Open Banking providers and TPPs in United States

Scope & Coverage

This regulation covers the following areas and services:

Deposit AccountsCredit CardsPayment Facilitation

Key Requirements

Developer interface (API) requirements
Authorization procedures
Data security standards
Third-party obligations

Timeline

Expected Effective Date
April 1, 2025
Full Compliance Deadline
April 1, 2030

Official Resources

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