BANCU24SS04. Open Banking - Achieving Compliance with CFPB Rule 1033, presented by Deloitte

In this session, we will discuss the implications of new open banking regulation due to the anticipated passage of rule 1033. Under this rule, banks and other financial services institutions will have to alter how consumer financial data is managed and shared across institutions, centering on consumer choice, data privacy, and security.

Learning Objectives:

• Recognize roles and responsibilities of financial institutions, data aggregators and fintechs in the open banking eco system
• Determine the impact of new open banking regulation on financial services institutions