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CFPB’s Principles on Data has Backing of Banks and Fintechs
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CFPB’s Principles on Data has Backing of Banks and Fintechs

CFPB’s Principles on Data has Backing of Banks and Fintechs

Todd Anderson·
FintechNews RoundupUSA
·Oct. 23, 2017·1 min read

The CFPB has laid out principles around the sharing of data between banks and fintechs; while the principles are non binding they are meant to provide guidance on the level of information sharing when a customer grants access to their banking details to a third party; there are still a few points of contention around screen scraping, informed consent and accountability when issues arise. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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