Lowell Putnam, co-founder of portfolio company Quovo, comments on the new CFPB third party data access principles. The principles apply to fintech firms, banks, and other financial institutions who get authorization from users to access financial data.
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Consumer protection board releases data principles
“At Quovo we will continue to work with other stakeholders to build a more robust data-sharing ecosystem for the benefit of all relevant stakeholders: third-party innovators, financial institutions, and, most importantly, consumers.”
