Data Protection

How Will CFPB's New Rule Transform Consumer Financial Data Rights?
Digital & Technology How Will CFPB's New Rule Transform Consumer Financial Data Rights?

How Will CFPB's New Rule Transform Consumer Financial Data Rights? The Consumer Financial Protection Bureau (CFPB) unveiled its final rule on personal financial data rights on October 22, 2024, under Section 1033 of the Consumer Financial Protection Act (CFPA). Also referred to as the

October 30, 2024
CFPB's New Open Banking Rule Empowers Consumers with Data Control
Trends & Future CFPB's New Open Banking Rule Empowers Consumers with Data Control

The Consumer Financial Protection Bureau (CFPB) has taken a significant step toward advancing consumer empowerment in financial services, mandating that banks must transfer customers' financial data to other institutions upon request. This groundbreaking decision is aimed at facilitating a

October 22, 2024
Balancing User Privacy with Website Functionality Using Cookies
Digital & Technology Balancing User Privacy with Website Functionality Using Cookies

As the digital landscape continues to evolve, the use of cookies and other tracking technologies on websites has become a prevalent topic, focusing on both enhancing user experience and ensuring robust privacy controls. These small text files play a crucial role in the functionality of websites,

October 17, 2024
CFPB's Proposed Open Banking Rule Invokes Innovations in Finance
Digital & Technology CFPB's Proposed Open Banking Rule Invokes Innovations in Finance

The Consumer Financial Protection Bureau's (CFPB) proposed rule on open banking aims to change the way consumer banking data is accessed and shared among financial institutions, third-party providers, and data aggregators. Focused on fostering competition, innovation, and consumer empowerment,

October 16, 2024
What Are the Growth Drivers in Italy's RegTech Market for 2024?
Regulatory & Compliance What Are the Growth Drivers in Italy's RegTech Market for 2024?

In recent years, the regulatory technology (RegTech) industry in Italy has garnered significant attention due to technological advancements and heightened regulatory pressures. As enterprises navigate the complexities of compliance and risk management, RegTech solutions have emerged as

October 16, 2024
Enhancing Coinbase with Plaid: Benefits, Privacy Concerns, and Security
Digital & Technology Enhancing Coinbase with Plaid: Benefits, Privacy Concerns, and Security

Coinbase, a leading cryptocurrency exchange platform, has partnered with Plaid, a financial technology company, to improve the speed and security of banking transactions. This move aims to streamline the verification process and facilitate faster fund transfers for Coinbase users. However, this

October 2, 2024
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