Finicity is part of the Mastercard family. Our open banking platform provides the financial data you need.

CFPB 1033 and Open Banking: Opportunities and Challenges for Banks

Editor
July 23, 2024

In this webinar from April 24, 2024 Tom Carpenter, Senior Vice President of Industry, Policy and Standards Engagement from Mastercard, along with panelists from Sidley and i2c, discussed the potential of CFPB Section 1033 for open banking initiatives with banks. 

They discussed how banks can leverage data sharing to enhance customer experiences, create new product offerings and navigate competition from fintechs. You will also learn about the opportunities represented by the rule and how to develop strategies to capitalize on the evolving landscape. 

Find out why the CFPB Section 1033 rule is crucial in advancing open banking, any potential risks associated with the rulemaking, best practices for compliance with Section 1033 and new opportunities to leverage data sharing to innovate and offer new services. 

You can watch the webinar here.