The rule, which implements section 1033 of the Consumer Financial Protection Act of 2010, also requires compliance with Federal Trade Commission (FTC) data protection laws and prohibits the use of ...
The CFPB, which proposed the rule in October 2023, says the new rule will fuel “competition and consumer choice, help lower prices on loans, and improve customer service across payments, credit, and ...
The Consumer Financial Protection Bureau (CFPB) finalized a rule today that's expected to expand consumers rights, privacy, and security over their personal financial data.