Overview

• The CFPB filed an advance notice of proposed rulemaking on Aug. 21, with Federal Register publication set for Aug. 22 and comments due 60 days later, cited as Oct. 21.
• The ANPR seeks evidence on four questions: who can serve as a consumer’s representative, whether and how providers may charge fees, the data-security threat and cost-benefit picture, and privacy risks from third-party use.
• The bureau told a federal judge it has begun an accelerated rewrite that could make current litigation unnecessary, and the case is stayed while rulemaking proceeds.
• The CFPB signaled plans to extend compliance dates previously set to begin in mid-2026, while banking plaintiffs asked the court to delay the existing June 30, 2026 effective date to avoid costly preparations for a rule likely to be replaced.
• Recent market and political pressures featured in the filings, including reports that JPMorgan would charge third parties for account access and a public letter from more than 80 fintech and crypto leaders urging President Trump to block such fees.