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New European Union privacy rules could serve as a guide for U.S. banks.
May 29Private Client Resources -
New European Union privacy rules could serve as a guide for U.S. banks.
May 24Private Client Resources -
A new set of principles by Envestnet’s Yodlee, Quovo and Morningstar's ByAllAccounts aims to settle a much-debated issue in data sharing: which party is liable when a hack occurs.
May 10 -
In a survey, bankers conceded they may not be doing enough to avoid the mistakes social media giants made in the use of unverified data.
April 24 -
A broad network of financial data, such as utility payments and direct deposits, could help those without established credit histories better obtain loans. It might also help lenders make more accurate underwriting predictions.
April 3Center for Financial Services Innovation -
Under GDPR, nothing can happen with the European consumer's data unless they explicitly opt in. American consumers tend to ignore the fine print on company statements regarding the potential uses of their data, leading to an environment where companies expect them to opt in by default.
March 23 -
A whistleblower charges that during the Obama administration, Treasury's Office of Financial Research manipulated information that it provided during a review by the Governmental Accountability Office.
December 7 -
Alternative data can be beneficial for individuals locked out of the financial system’s more conventional data types, but such data is open to manipulation or biased interpretation.
December 7IBM Global Business Services -
Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do.
November 30Currencycloud -
The CFPB's data-sharing guidance was widely applauded, but mistrust remains between banks and aggregators. Advocates want regulators to take action.
November 28