Financial Data Exchange

CFPB’s Open Banking Standardization Push Faces Legal, Logistical Hurdles
CFPB’s Open Banking Standardization Push Faces Legal, Logistical Hurdles
January 09, 2025  |  CFPB

The news this week that the Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body — to help determine how...

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CFPB Permits Financial Data Exchange to Set Open Banking Standards
CFPB Permits Financial Data Exchange to Set Open Banking Standards
January 08, 2025  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body, allowing it to issue standards that companies can use...

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CFPB Publishes First Application From Potential Open Banking Standard-Setter
CFPB Publishes First Application From Potential Open Banking Standard-Setter
September 24, 2024  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) is inviting public comments on the first application from an organization seeking recognition as an open banking standard-setter. Get...

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Financial Data Exchange: 28 Million US Consumers Now Use Its API for Open Banking Data Sharing
Financial Data Exchange: 28 Million US Consumers Now Use Its API for Open Banking Data...
January 26, 2022  |  API

FDX has reported 28 million consumer accounts now using its FDX API for open finance and open banking data sharing, a press release says. Get...

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Mastercard, Finicity and Standardizing Open Banking’s Data Flow
Mastercard, Finicity and Standardizing Open Banking’s Data Flow
June 24, 2020  |  Mastercard

While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. (through free market competition), on these shores...

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