In Data, Financial Inclusion, General News, Regulation

October 18, 2017 – Financial Innovation Now today applauded the CFPB’s release of principles to ensure that consumers can safely access their financial data.

The following statement is attributed to Brian Peters, Executive Director of Financial Innovation Now:

“We applaud the efforts of the CFPB to ensure that consumers are empowered to access their own finances securely and easily, using the technology of their choosing. FIN members are creating technologies that enable consumers to better manage their financial lives and we believe the Bureau’s principles are currently the right approach to fostering greater industry collaboration towards the development of future-flexible, standards-based technologies that promote consumer access.”

FIN has been promoting the ability of consumers to securely access their financial information, particularly the freedom to use whatever technology they wish, and recently filed comments in the CFPB’s examination of this issue.

Start typing and press Enter to search