Data sharing

The Consumer Financial Protection Bureau's proposal would give consumers a legal right to grant third parties access to financial data for a specific use, but firms cannot sell the data or use it for their own benefit — including by feeding it into algorithms or artificial intelligence.

People love the convenience of nonbanks' financial apps. Regulators could make it much safer for them to share their data with third parties.

The cost and scope of data sharing were among bankers' top complaints, while fintechs would like fewer restrictions, a report by the Consumer Financial Protection Bureau found. 

The U.S. should look abroad for innovative solutions to the problem of assessing the creditworthiness of borrowers with little formal credit history.

SNAP recipients need easy and reliable access to their account balances and transaction histories. The Consumer Financial Protection Bureau ought to clear the way and let that happen.

Open data could be a game changer for small and medium-sized businesses. We need a regulatory structure that recognizes this.

New developments in the banking app space include apps for Gen Z bankers and the relaunch of Google Wallet.

One year after from President Biden's executive order on Section 1033 of the Dodd-Frank Act, there has been no discernible progress.

The bank claims it has migrated all traffic from third-party apps and services to its secure API.