Regulatory & Compliance Updates: Nov. 15, 2023

CFPB Proposes Rule on Open Banking: On October 19, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, helping consumers control data about their financial lives and receiving new protections against companies misusing their data. 

​Federal Housing Finance Agency (FHFA) Annual Housing Report: On October 30, the FHFA issued its annual report to Congress as required by the Federal Housing Enterprises Financial Safety and Soundness Act. 

Chairman Harper Testifies to US Senate: Ahead of the NCUA November board meeting, Chairman Todd M. Harper testified Tuesday November 14, at a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

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