Mudasar Khan

Jan 13, 2025 | openlegalblogarchive.org | Edward I. Leeds |Gregory Szewczyk |Eric Temmel |Mudasar Khan

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Dec 11, 2024 | openlegalblogarchive.org | Gregory Szewczyk |Mudasar Khan

On December 3, 2024, the Consumer Financial Protection Bureau (CFPB) published its long anticipated proposed rule aimed at regulating data brokers under the Fair Credit Reporting Act (FCRA). Although the CFPB’s future is uncertain under the upcoming administration, if implemented, the rule would significantly expand the reach of the FCRA.

Oct 25, 2024 | jdsupra.com | Alan Kaplinsky |Mudasar Khan |Gregory Szewczyk

On October 22, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued its final rule implementing Section 1033 of the Dodd-Frank Act (the “Final Rule” or the “Open Banking Rule”), granting consumers greater access rights to the data their financial institutions hold. Although there are some differences, the Final Rule largely tracks the Proposed Rule announced by the CFPB last year on October 19, 2023, with the largest concession coming in the form of the extended effective date.

Oct 24, 2024 | jdsupra.com | Mudasar Khan |Gregory Szewczyk

On October 22, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued its final rule implementing Section 1033 of the Dodd-Frank Act (the “Final Rule” or the “Open Banking Rule”), granting consumers greater access rights to the data their financial institutions hold. Although there are some differences, the Final Rule largely tracks the Proposed Rule announced by the CFPB last year on October 19, 2023, with the largest concession coming in form of the extended effective date.