Loading...
Market
Consumer adoption of open banking services by end of 2025?
2
Resolution / Starting Odds
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Reports from financial analysts or consumer surveys
Story
CFPB Finalizes 'Open Banking' Rule on October 22, 2024 to Enhance Consumer Data Access
Oct 22, 2024, 09:15 AM
On October 22, 2024, the US Consumer Financial Protection Bureau (CFPB) finalized a rule to promote 'open banking,' granting consumers greater access to their financial data. This rule, part of the Dodd-Frank law, aims to make it easier for consumers to switch financial service providers while ensuring privacy and security. The Biden administration supports the rule, which is intended to accelerate a shift towards open banking and protect against intrusive financial surveillance. CFPB Director Rohit Chopra emphasized the importance of consumer rights and data protection.
View original story
Similar markets
Yes, major banks adopt blockchain • 25%
No, minor adoption only • 25%
No adoption • 25%
Other technologies adopted • 25%
Northeast • 25%
Midwest • 25%
South • 25%
West • 25%
Less than 10% • 25%
10% to 25% • 25%
25% to 50% • 25%
More than 50% • 25%
Google • 25%
Apple • 25%
Amazon • 25%
Microsoft • 25%
Widespread adoption • 25%
Moderate adoption • 25%
Limited adoption • 25%
No adoption • 25%
Less than 1 million users • 25%
1 million to 3 million users • 25%
3 million to 5 million users • 25%
More than 5 million users • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Less than 50,000 clients • 25%
50,000 to 100,000 clients • 25%
100,000 to 150,000 clients • 25%
More than 150,000 clients • 25%
Increase significantly • 25%
Increase moderately • 25%
Remain stable • 25%
Decrease • 25%
Yes • 50%
No • 50%
Retail • 25%
Banking • 25%
Government Services • 25%
Other • 25%