CFPB finalizes personal financial data rights rule to boost competition, protect privacy, and give families more choice in financial services.

www.consumerfinance.gov

CFPB finalizes personal financial data rights rule to boost competition, protect privacy, and give families more choice in financial services.

www.consumerfinance.gov

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News@lemmy.worldEnglish · 4 hours ago

CFPB Finalizes Personal Financial Data Rights Rule to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services | Consumer Financial Protection Bureau

www.consumerfinance.gov

The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.

Rule will help lower prices on loans and empower people to more easily fire financial companies that provide bad service.

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