Financial Personal
FDX Recognized by CFPB as a Standard-Setting Body, a Step Forward for Open Banking
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 industry standard-setting body for the U.S. open banking
“This recognition provides helpful clarity to the market at a critical time. Many firms are running fast to come into compliance with the CFPB’s recent Open Banking regulation and give customers more control over their financial data. The recognition underscores FDX’s position as a leading forum for companies and nonprofits from across the financial ecosystem to collaborate on interoperable methods for secure, consumer-permissioned data sharing,” says Kevin Feltes, Chief Executive Officer of FDX. Read More