In late October, the Consumer Finance Protection Bureau (CFPB) put out a call for comment on the Dodd-Frank Act Section 1033, looking for input to drive clarifying rulemaking on the act’s language calling for banks to make available consumer information on request from the consumer. In Europe, similar language was part of the PSD2, and led to a new standard in open banking – … [Read more...] about What Lessons Can Europe Teach the U.S. about Open Banking?
open banking
Open Source Finance
The future of currency looks increasingly invisible—and branded. Bitcoin is going through something of an identity crisis. While much cryptofinance news over the past 18 months has focused on the fluctuating price of bitcoin (BTC) and the use of crypto-tokens to raise capital, the underlying blockchain technology was designed to account for payment transactions. The recent … [Read more...] about Open Source Finance