Financial Data Exchange tapped by CFPB for standard setting on personal data rights rule
The Financial Data Exchange (FDX) has been recognized as a standard setting body under the Consumer Financial Protection Bureau’s (CFPB) Personal Financial Data Rights rule. The Personal Financial Data Rights rule requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request for free. An industry standard setting body can issue standards that compani...
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