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The Consumer Financial Protection Bureau is due to propose in October a long-awaited rule on consumers' control of their banking data, its director said Wednesday. The rule was initially called for under 2010's sweeping Wall Street reform law.
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"We want to make sure that standards are giving the ability for consumers and all market participants...to switch," said CFPB Director Rohit Chopra. "When a consumer has the power to vote with their feet, you'll see how our system will give them better service as well."
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