Steve Boms, Executive Director of FDATA North America, joins RegFi co-hosts Jerry Buckley and Sherry Safchuk to examine the evolving public policy framework governing consumer financial data. Building on the history of open banking and consumer-permissioned data sharing, they discuss the future of the CFPB's Section 1033 rule, the ongoing debate over data access fees, and the operational, competitive and consumer protection issues that will shape the next phase of implementation.

The conversation also offers a preview of FDATA's forthcoming policy report on agentic AI and financial services, examining how existing regulatory and fiduciary frameworks may apply as AI evolves from providing financial recommendations to acting as a consumer's agent. They also discuss the implications for data privacy, cybersecurity, liability and consumer protection, and explore how policymakers can support innovation while preserving consumer trust in an increasingly AI-driven financial system.

Links:

• Financial Data Technology Association (FDATA)
• Orrick Financial & Fintech Advisory
• RegFiPodcast.com