Wire · regulatory
CFPB Sends Open Banking Rewrite To White House, Moving Closer To Release
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Fusion42 · 30 August 2026 · Fusion42 review
The Consumer Financial Protection Bureau has submitted a revised version of its open banking rule to the White House for review, moving closer to a proposal that may allow banks to charge fintech firms for consumer data access after a threshold number of requests, signaling a major regulatory shift.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a change in the cost structure of accessing consumer financial data with banks gaining power to charge fees beyond set thresholds. Fintech founders must adjust pricing models and partnerships now to avoid losing access or inflating costs.
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1 source · 6 Aug 2026
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