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

In this CLE webinar, Goodwin partners, Kimberly Monty Holzel, Sammy Tang, and Levi Swank dove into the Consumer Financial Protection Bureau’s (CFPB) 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. They also discussed the impact the recent presidential election may have on how this rule is enforced. This webinar will discussed 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; andPotential impact of election on the enforcement of this rule.