Americans Don’t Have to Choose Between Innovation and Data Security.

Rewrite Section 1033

Americans want to know that companies aren’t playing games with their financial data. President Trump’s CFPB has a chance to fix what unelected regulators got wrong. Data middlemen are playing fast and loose with your money, your data and your privacy.

 

 

It’s time for one standard that actually works!

End fintech free-for-alls.

Open banking shouldn’t give fintechs unfettered access to consumer data without real accountability.

Eliminate the double standard.

When data middlemen handling your financial data follow the same rules, your information stays protected everywhere it goes. One standard means no gaps and no excuses.

Security is the cost of doing business.

If fintechs and data middlemen truly valued your security, they’d pay for it instead of asking regulators to let them cut corners.

The Stakes Are Rising

Your financial data is already flowing through the fintech ecosystem. Now AI raises the stakes – you need durable security, clear permissions and consistent standards that protect you NOW and in the FUTURE.  Your data shouldn’t become someone else’s training fuel, and data middlemen shouldn’t get a free pass.
President Trump’s CFPB can set one durable standard that holds fintechs and data middlemen accountable and locks in real protections before future regulators can undo them.

The American People Deman Real Protection

90%

support requiring any company handling financial data to meet bank-level security standards

85%

agree companies using financial data should share the cost of keeping it safe

74%

are concerned about weaker security standards for data middlemen

READ THE FULL REPORT HERE

Across the country, Americans are demanding that everyone empowered to handle their personal financial data should do their part to keep it safe and secure.  financial system.

Consumer privacy and innovation matter because as Americans we need to make sure that our consumers’ private information is safe…

Karl H. | Lawrence, GA

When people know their personal information is protected, they feel safe using technologies and services. Strong privacy standards encourage responsible innovation, ensuring that advances improve lives without exploiting data.

Deanne P. | Bowling Green, OH

The Biden 1033 banking rules should be rewritten. We deserve to have and keep our privacy. It’s not something that we choose to give up.

Charles R. | Chesapeake, VA

President Trump, please protect our personal data and keep our personal data and banking information secure and safe. Thank you.

Ola M. | Huntersville, NC

Please bury Rule 1033 to [protect] my personal data and banking security. This is a right to my privacy.

Priscilla O. | Vancouver, WA

Trump’s supporters – Americans across the country – have spoken up. Now is the time for President Trump’s administration to deliver on his voters’ demands!

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