Webinar

CFPB 1033: Compliance Challenges for the CFPB’s “Open Banking” Rule Webinar

November 21, 2024 | 1:30 PM - 2:30 PM ET

Summary

In this CLE webinar, Goodwin partners, Kimberly Monty Holzel, Sammy Tang, and Levi Swank will delve into the Consumer Financial Protection Bureau’s (CFPB) recently-finalized rule to implement Section 1033 of the Consumer Financial Protection Act of 2010, which requires financial service providers to provide consumers and their authorized third parties with electronic access to their personal financial data. We will also discuss the impact the recent presidential election may have on how this rule is enforced. This webinar will discuss the rule and its compliance implications, including:

  • Which financial services providers and products are covered;
  • What data must be provided, to whom, and how; 
  • Ways the rule impacts existing relationships and obligations, including the interplay between the rule and other federal consumer financial laws and regulations;
  • Areas of potential enforcement activity and litigation; and
  • Potential impact of election on the enforcement of this rule.

Join them to learn more about the Section 1033 rule and how it will impact the industry.