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Wire · regulatory

CFPB Submits 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 news.vaquill.com →

◆ Verified

Fusion42 · 7 August 2026 · Fusion42 review

The Consumer Financial Protection Bureau has submitted a new Section 1033 open banking proposal to the Office of Information and Regulatory Affairs for review, initiating a process to update consumer financial data access regulations.

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

◆ ◆ The Wire takeaway

You must prepare for new rules that could require easier data sharing with customers in US fintech. This opens paths to new product features and partnerships but raises urgent compliance demands.

◆ Coverage

2 sources · 6 Aug 2026

◆ Related on Wire

◆ Topics

Fintechcfpbopen-bankingregulatory-reviewconsumer-datafinancial-services