In October, the Consumer Financial Protection Bureau (CFPB) finalized its Personal Financial Data Rights rule with the intent to implement section 1033 of the Dodd-Frank Act of 2010. The rule meant to “jumpstart competition” requires financial institutions to provide customer data to authorized third parties in a way that will change how data is shared across the financial ecosystem. This rule is the first in a series that the CFPB is expected to issue including a Data Broker Rule and upcoming changes to the Fair Credit Reporting Act.
Join Melissa Baal Guidorizzi, Partner, Davis Wright Tremaine, Brian J. Hurh, Partner-in-Charge, Davis Wright Tremaine, and William Schuerman, Partner, Davis Wright Tremaine, as they explore how this rule will impact the world of open finance and the future of data risk management for both financial and non-financial companies. There will be a Q&A session moderated by Dan Smith, President & CEO, CDIA.