Open Banking & Payments: Impact of the CFPB’s Rulemaking and Evolving Role

In this session, presenters will discuss the potential impact of the CFPB implementing Open Banking requirements, relevant regulatory requirements, rights and obligations impacting payment transaction information, documentation issues and beneficial use cases. Participants will learn about spotting issues related to Open Banking including when working with third-party platforms and addressing legal and operational challenges. The presenters will provide the latest breaking updates on this evolving topic providing helpful pointers and potential pitfalls, including a discussion of the impact on the open banking rule of recent developments at CFPB due to the new presidential administration, and some potential practical approaches.