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Opening Up Open Banking: The CFPB's Personal Financial Data Rights Rule

Thales Cloud Protection & Licensing

Ammar Faheem | Director Product Marketing (CIAM) More About This Author > The Consumer Financial Protection Bureau (CFPB) has taken a significant step towards regulating open banking in the United States with its finalization of the Personal Financial Data Rights rule in October 2024. The rule comes into effect on April 1, 2026.

Banking 62
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How boards can manage digital governance in the age of AI

BH Consulting

Gartner forecasts that by 2026, more than 80 per cent of businesses will implement Generative AI in their production environments. By 2026, the industry watcher Gartner is forecasting that more than 80 per cent of businesses will implement GenAI APIs in production environments. However, AI governance remains a challenge.

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What is Maryland’s Online Data Privacy Protection Act?

Centraleyes

The measure prohibits the sale of sensitive data entirely, includes universal opt-out methods and anti-discrimination rules provisions, and provides a limited 60-day right to cure that expires in 2027. With MODPA, Maryland sets a precedent for prioritizing consumer privacy and data protection in the digital era.

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Explained: Privacy washing

Malwarebytes

Several US states are going through the process of passing new comprehensive consumer privacy laws, in an attempt to give American citizens more control over their personal data.

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The Rise of Privacy-by-Design: APRA's Impact on Business Practices

Thales Cloud Protection & Licensing

Moreover, the sheer volume of data privacy laws and regulations, both domestically and internationally, adds to the burden, making it practically impossible for organizations to stay current with evolving requirements. Indiana's law is scheduled for 2026.

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Opening Up Open Banking: The CFPB’s Personal Financial Data Rights Rule

Security Boulevard

Ammar Faheem | Director Product Marketing (CIAM) More About This Author > The Consumer Financial Protection Bureau (CFPB) has taken a significant step towards regulating open banking in the United States with its finalization of the Personal Financial Data Rights rule in October 2024. The rule comes into effect on April 1, 2026.

Banking 52
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How can banks succeed in the digital banking era?

Thales Cloud Protection & Licensing

Digital-only banks and Fintechs are expected to grow “at a compound annual rate of about 23.41%” from 2021-2026. It is no different in banking, where digital-only banks are growing rapidly. According to Fortunly.com, “The total transaction value of digital payments grew from $4.1 trillion in 2019 to $5.2 trillion in 2020.”. The challenge.

Banking 71