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CFPB's Chopra Touts Open Banking Rule After Industry Rips It

By Jon Hill ( October 23, 2024, 9:32 PM EDT) -- Consumer Financial Protection Bureau Director Rohit Chopra on Wednesday promoted his agency's new open banking rule to a fintech audience amid stiff opposition from banks, saying "incumbents" can't be allowed to box out the competition that expanded financial data-sharing will enable....

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