Garris Horn Insights - Rule 1033

The CFPB’s recently issued Open Banking Rule under Dodd-Frank Act Section 1033 (“Rule 1033”) is the first step in creating the regulatory regime to establish an Open Banking system. In this episode of the Garris Horn Insights Podcast series, our partner John Levonick takes a unique approach in discussing Rule 1033 by focusing on why we have this Rule, and why he believes the industry should be interested in implementing this rule. Listen to learn which part of the industry the Rule covers, the challenges it creates and the opportunities it may offer. If financial institutions understand where Rule 1033 is leading the industry, they will be well positioned to avail themselves of the benefits of the next generation of modern banking.