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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program.

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Wyoming creates fintech sandbox

CFPB Monitor

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)

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Open banking APIs are open for business

Insights on Business

See how open banking APIs are transforming financial services (and businesses, too!). I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain.

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Inside The FIS Innovation Process With EVP Bruce Lowthers

PYMNTS

In the latest PYMNTS Commanders in Chief series, Bruce Lowthers, executive vice president of FIS Global, a financial technology solutions provider , and president of the company’s Payments Division , didn’t set out to be an innovator. Security and risk issues have escalated over the last few years, and that isn’t going to change.

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Closing the gate: House adopts ENABLERS Act amendment to 2023 NDAA

CFPB Monitor

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. financial system adopt anti-money laundering procedures that can help detect and prevent the laundering of corrupt funds.”. The New Gatekeepers.

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Uncovering The Value Proposition In FinTech Innovation

PYMNTS

Governments and banks have a lot to do with developing an ecosystem that supports adoption of payments technologies for both consumers and corporates, and DeLuca sees some stark differences between the U.K. is definitely a curiosity,” the executive said of digital payments tools gaining traction within the enterprise. “We