Open Banking at a Crossroads: Legal Realities and Regulatory Futures

Open banking in the US is entering a transformative phase, driven by the CFPB's final rules on personal financial data rights. This session will explore the legal implications of these rules, including data access, third-party liability, and the evolving role of APIs and screen scraping. Attendees will gain insight into the regulatory controversies, litigation risks, and compliance challenges facing financial institutions and fintechs. With shifting leadership at the CFPB and growing demand for consumer-authorized data sharing, experts will discuss what's next for open banking and how institutions can prepare for a future shaped by both innovation and legal uncertainty.