Whether 'open banking' or 'consumer-driven' banking, the goal of sharing data remains the same
Ottawa introduces act designed to regulate data use, Torys lawyer Brigitte Goulard says
Source: canadianlawyermag.com
Consumer Driven Banking Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Consumer Driven Banking Act. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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Open Banking: What New Consumer-Driven Banking Legislation Means For Fintechs in Canada
If your company is a fintech operating or hoping to operate in Canada with a business model that offers financial products, you should be aware that Canada's federal government has announced its intention to enact legislation that could apply to your organization. This impending legislation is the Consumer-Driven Banking Act CBDA, and it will set the foundation for a framework that enables consumers and small businesses to securely transfer their financial data through an API to approved service providers of their choice.
Source: bennettjones.com
2024 Federal Budget: Update on Financial Services Regulatory Policy Changes | Blake, Cassels & Graydon LLP
Introduction - On April 30, 2024, the federal government tabled a Notice of Ways and Means Motion to introduce the Budget Implementation Act, 2024, No. 1 (Bill) to codify...
Source: jdsupra.com