RealClearMarkets
By: Wayne Winegarden

As it works to determine how to safeguard the sharing of and access to consumer financial data, the Consumer Financial Protection Bureau (CFPB) faces a clear choice. 

It can allow market-based frameworks developed by the private sector to continue evolving, stepping in only where genuine gaps or abuses emerge. Or it can try to revive broken and ineffective Biden-era rules that override the marketplace with one-size-fits-all mandates that will hurt innovation without protecting individuals. 

The free market should prevail here.