The Consumer Financial Protection Bureau (CFPB) has approved the Financial Data Exchange’s (FDX) application to serve as a standard-setting body ...

The move is part of the CFPB's Open Banking regulation that mandates companies to share financial data with authorised parties.

The nonprofit will craft standards for consumer data sharing between financial institutions for the next five years.

FDX, a standard-setting body operating in the United States and Canada, applied for the role in September and was officially recognized by the CFPB on Wednesday as an organization that will set the ...

On January 8, 2025, the Consumer Financial Protection Bureau (CFPB) issued an order recognizing Financial Data Exchange, Inc. (FDX) as ...

The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, but has met challenges, notably a ...

The Consumer Financial Protection Bureau has approved Financial Data Exchange (FDX) as the first standard setting body for the regulator's new open banking regime.

SALT LAKE CITY, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The Financial Data Exchange (FDX) is pleased to announce its official recognition by the Consumer Financial Protection Bureau (CFPB) as an ...

Open banking allows third-party access to consumer banking data through APIs. The CFPB approved FDX's application to become a recognized industry standard setting body, which can issue standards ...

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