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POST Open Banking in the USA (not)

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In the United States currently, there’s no legal requirement stipulating a financial institution must make a consumer’s financial data available to a third party in the event that a consumer provides affirmative consent.

From U.S. way behind the curve on open banking | American Banker.

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While the Treasury Department cannot address the intrinsic, structural disadvantages in the U.S. regulatory regime, its recent call for all of the agencies in this space to align behind an interpretation of Section 1033 of the Dodd-Frank Act — which asserts the ability of Americans to permission their financial data — is an important step towards a level playing field,

From U.S. way behind the curve on open banking | American Banker.

 

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