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Wire · regulatory

CFPB Sends New Section 1033 “Open Banking” Proposal to OIRA for Review

6 August 2026 · By · Wire by Fusion42

Published

6 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

United States

◆ Source

Read at consumerfinancemonitor.com →

◆ Verified

Fusion42 · 7 August 2026 · Fusion42 review

The CFPB has submitted a new proposal to OIRA to reconsider the 2024 Section 1033 open banking rule, with potential changes including allowing financial institutions to charge fees for data access and revising compliance requirements.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.

◆ ◆ The Wire takeaway

You must prepare for stricter open banking rules that could include fee structures for data access and heavier compliance demands. This regulatory reconsideration opens a window to influence and adapt your data-sharing strategies before the proposal is finalised.

◆ Coverage

2 sources · 6 Aug 2026

◆ Related on Wire

◆ Topics

Fintechcfpbsection-1033open-bankingregulationdata-access-feesoira-review