Financial Data Exchange (FDX) has been officially recognized by the Consumer Financial Protection Bureau (CFPB) as the standard-setting body for open banking in the U.S., supporting compliance with new regulations that enhance consumer control over financial data. The acknowledgment highlights FDX’s role in facilitating secure, interoperable data-sharing standards, already adopted by over 94 million customer accounts across North America. As open banking regulations evolve, FDX updates its standards and invites collaboration from diverse stakeholders to build a scalable and transparent financial ecosystem.
FDX Recognized by CFPB as THE Open Banking Standard-Setting Body
