The agency's recent update to its guidelines for banks on working with data aggregators and other third parties was not extreme, but some critics say its heavy emphasis on security could be a setback for open banking. ... Read full article
The Supreme Court will hear arguments on the agency’s structure; the company, desperate after losing Costco’s business, allegedly pressured and misled applicants. ... Read full article
Payments firm announces leadership changes; the bank will place restrictions on fossil fuel lending while adding to sustainable projects. ... Read full article
Observers speculate that Intuit simply wants to enhance revenue and protect its tax software business, but the CEOs of each company say the deal would also give consumers more control of their overall finances. ... Read full article
Intuit is reportedly buying Credit Karma for $7 billion. The move is seen as a way for Intuit to get access to more consumer behavior data, generate new sources of income and potentially protect a key business. ... Read full article
The deal, which could be announced Monday, would push the TurboTax maker into consumer finance; the bank would follow U.S. rival Goldman Sachs into the British market. ... Read full article
Thirty-seven years after the release of Quicken desktop software, the company is launching a streamlined app to reach a new demographic. ... Read full article
OFX is used by 7,000 banks while FDX is used by 2 million consumers. The two standards are converging. ... Read full article
By partnering with Intuit, Wells Fargo is continuing its journey toward API-based data sharing, and away from screen scraping. ... Read full article
How can AI help consumers spend and save wisely? If friction should be added back into the system, can we put it where it is useful, not frustrating? ... Read full article
The Open Financial Exchange has 7,000 installations. More than a decade ago, the industry saw the data standard as the solution to screen scraping, a practice that bedevils them today. ... Read full article
