OIDF submits comments on CFPB Data Rights Rule
The OpenID Foundation (OIDF) has submitted comments to the Consumer Financial Protection Bureau (CFPB) regarding the reconsideration of Rule 1033 on personal financial data rights. The OpenID Foundation brings expertise from working with open banking implementations across 12 global ecosystems. This submission represents the Foundation’s third response to this regulation, after providing comments in December […]
Guidance to the CFPB regarding US Open Banking
Authors: Gail Hodges, Joseph Heenan, Dima Postnikov, Mark Haine, Mike Leszcz, Elizabeth Garber Following our May 16 open letter to the Consumer Financial Protection Bureau, the OpenID Foundation has been engaged in discussions about their rule-making on Personal Financial Data Rights. This post summarizes our guidance to the CFPB. Why are we engaged? The OpenID […]
Letter to the CFPB on US Open Banking
The Honorable Rohit ChopraDirectorConsumer Financial Protection Bureau 1700 G St NWWashington, DC 20552 rohit.chopra@cfpb.gov May 16, 2024 Director Chopra, The OpenID Foundation is a non-profit organization whose mission is to lead the global community in creating open standards that are secure, interoperable and privacy-preserving. As part of that mission, we have worked closely with many ecosystems […]