On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rulemaking on Personal Financial Data Rights (the “Final Rule”). The Final Rule is intended to accelerate a shift towards open banking in the...more
11/6/2024
/ Banks ,
Consumer Data Requests ,
Consumer Financial Protection Bureau (CFPB) ,
Data Management ,
Dodd-Frank ,
Final Rules ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Open Banking ,
Popular
On January 17, 2024, the New York State Department of Financial Services (“NYSDFS”) released a proposed circular letter addressing the use of external consumer data and information sources (“ECDIS”) and artificial...more
1/26/2024
/ Artificial Intelligence ,
Comment Period ,
Consumer Information ,
Data Management ,
Discrimination ,
Disparate Impact ,
Fairness Standard ,
Information Governance ,
Information Management ,
Information Technology ,
Insurance Regulations ,
Machine Learning ,
NYDFS ,
Popular ,
Proposed Regulation ,
Regulatory Agenda ,
Risk Management ,
Underwriting
Engaging third-party providers for technology transactions involves a certain level of cybersecurity risk. In fact, most companies have been through a third-party incident. In this episode, partners Justin Herring and Adam...more