Who controls your financial data and who decides how it can be used? As Americans increasingly rely on digital banking, apps, and financial technology tools, that question has moved to the forefront of a policy debate that may come to a head in the coming months.
Section 1033 of the Dodd-Frank Act is currently under review by the Consumer Financial Protection Bureau, prompting renewed debate over how consumers should access their own financial information and decide how it is shared. Translating that principle into practice, raises significant legal and policy questions about whether current regulatory and market structures truly empower consumers or instead concentrate control over data into the hands of banks
This webinar will examine open banking through a consumer-centered legal lens, focusing on how rules governing data access, privacy, and consent impact real-world choice. Panelists will discuss how bank-centric approaches may prioritize institutional preferences over consumer autonomy, potentially limiting Americans’ ability to use innovative financial tools that rely on secure, authorized data sharing.
Throughout the program, panelists will evaluate the CFPB’s Section 1033 rulemaking and consider whether a consumer-directed approach to financial data can both defend consumer’s right to their own data and foster innovation.
Featuring:

Paul Watkins, Managing Partner, Fusion Law PLLC
Prof. Todd Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law School, George Mason University
(Moderator) Will Hild, Executive Director, Consumers Research