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How to Prepare for a CFPB UDAAP Examination: A Step-by-Step Checklist for Community Banks

Community banks can cut UDAAP exam risk by following a 10-step pre-exam checklist that aligns governance, policies, testing, and vendor oversight. The CFPB evaluates unfair, deceptive, and abusive acts or practices using a fact-intensive standard that often turns on documentation and execution. This article provides a step-by-step, examination-ready roadmap—plus examples, common pitfalls, and a practical […]

How to Comply With the CFPB’s Section 1033 Open Banking Rule When Sharing Consumer Data With Fintech Partners

Banking Regulations / Jack Gilbert

The CFPB’s Section 1033 open banking rule requires covered financial providers to give consumers access to their data and to share it with authorized third parties upon request, subject to strict consent, security, and use limitations. For banks and credit unions partnering with fintechs, “sharing” now triggers formal compliance duties across contracts, APIs, vendor oversight,

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