Who owns the customer
Open Banking? More like Open Opposition: 1033 pushes fintechs, banks to take sides
- CFPB's Director Chopra expects the new proposal on open banking to increase competition, but a survey of industry participants shows that not all players are on the same page.
- As the end of the comment period on the proposed rules approaches, both banks and fintechs are claiming to safeguard consumer interest better than the other.