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The Reversal of the CFPB’s Section 1033 Is a Win for Consumer Privacy - Taxpayers Protection Alliance
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The Reversal of the CFPB’s Section 1033 Is a Win for Consumer Privacy - Taxpayers Protection Alliance
The Reversal of the CFPB’s Section 1033 Is a Win for Consumer Privacy Dan Savickas July 24, 2025 At the end of May, the Consumer Financial Protection Bureau (CFPB) decided it would scrap its Section 1033 rule on consumer data sharing, colloquially known as the “Open Banking” rule. While well intentioned, the rule introduced onerous compliance costs, and more important…
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