Payments News Update – November 1, 2024
Posted 11/1/24
Legal and Regulatory Developments
SPOTLIGHT: Chopra Defends CFPB Open Banking Rule in Face of Lawsuit
Payments Dive – October 28, 2024
Consumer Financial Protection Bureau Director Rohit Chopra said on Sunday that a lawsuit filed over the agency’s open banking rule finalized earlier this month is an obstacle to increasing competition among financial institutions.
Some banks are concerned about competing...