Palmer Quamme

Palmer Quamme

Cooley LLP

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CFPB Moves to Vacate Its Own Open Banking Rule Citing Legal Deficiencies and Overreach

On May 30, 2025, the Consumer Financial Protection Bureau (CFPB) took the rare step of asking the US District Court for the Eastern District of Kentucky to vacate the CFPB’s own final rule implementing Section 1033 of the...more

6/6/2025  /  Banking Sector , Consumer Financial Protection Bureau (CFPB) , Consumer Protection Laws , Data Privacy , Dodd-Frank , Final Rules , Financial Regulatory Reform , Open Banking , Regulatory Authority , Vacated
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