CU Trade Groups Criticize 'Open Banking' Rule

Nearly 90% of all credit unions are exempt from the rule, but officials worry it could cause more CUs to merge.

By Jim DuPlessis | October 22, 2024 at 03:00 PM

Exterior of the CFPB headquarters in Washington, D.C. Credit/Adobe Stock

The CFPB on Tuesday published its final rule on how banks and credit unions share data to allow open banking that would apply to about 10% of the nation's credit unions by 2030.

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CU Trade Groups Criticize 'Open Banking' Rule

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Jim DuPlessis

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