Crypto & Fintech Push for Data Ownership as Open Banking Stalemate Persists

A coalition of industry groups is calling for the Consumer Financial Protection Bureau (CFPB) to implement a rule ensuring consumers control their financial data, arguing that current regulations favor banks over users. The appeal, signed by organizations like the Blockchain Association and Fintech Advocacy Groups, comes as debate intensifies around the Personal Financial Data Rights Rule under Dodd-Frank Act Section 1033.