To require certain Federal financial regulators to carry out an independent study of their regulated entities' processes for allowing third parties to access consumer-authorized financial data.
Open Banking Study Act of 2018
This bill directs the Federal Reserve Board, the Consumer Financial Protection Bureau, the Government Accountability Office, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to report on their respective regulated entities' processes for third-party access to consumer-authorized financial data.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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