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State Treasurers Urge CFPB to Address Third-Party Financial Data Access

State treasurers call on the Consumer Financial Protection Bureau to take action regarding regulations for third-party access to financial data.

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Terms & Concepts
  • Consumer Financial Protection Bureau (CFPB): A U.S. government agency that oversees financial products and services, aiming to protect consumers through regulation and enforcement.
  • Third-Party Financial Data Access: The practice of external organizations accessing consumers' financial information, typically for services such as payment processing, credit scoring, or financial management apps.