CFPB Moves to Kill Rule 1033: What This Means For Your Open Banking Strategy In 2025
Full analysis here: https://blog.axway.com/industry-insights/banking-finance/cfpb-news-open-banking-strategy?utm_source=youtube&utm_medium=social&utm_content=teaser_cfpb_facts_update What's really happening with the CFPB open banking rule? Axway's Brian Otten breaks it down and reveals why innovative financial institutions aren't waiting for regulations to evolve. You'll learn: 🏛️ Latest CFPB motion to vacate Rule 1033 and regulatory uncertainty 🤝 How 114M+ consumers and counting are already using open banking APIs 💡 Why market leaders are moving beyond compliance to innovation The future of banking isn't about checking boxes – it's about seizing opportunities. Transcript: "The CFPB has officially moved to vacate Open Banking Rule 1033, creating unprecedented regulatory uncertainty about the future of open banking regulation in the U.S. But that's not slowing down open banking adoption in the U.S. 114 million North American consumers are now using FDX open banking APIs through market-driven collaboration, not regulation. While some may focus on regulatory uncertainty, industry leaders are using open banking to unlock new revenue streams and customer experiences. The question isn't whether to embrace open banking – it's how quickly you can get your API house in order, to capitalize on this transformation. Let's shape the future of banking, together, with Amplify Open Banking." #OpenBanking #FinancialServices #Banking #Innovation #FinTech #CFPB
