"As open banking sweeps the world, countries from the U.K. to Australia to Chile to Nigeria are adopting the concept, which generally includes mandates for API access to bank infrastructure and consumer rights to banking data. There's global momentum behind it, but in the U.S. rule-making is still at an early stage. Reforms to Section 1033 of the Dodd-Frank Act, the law that governs consumer access to financial data, are seemingly years away as the Consumer Financial Protection Bureau weighs public comments."

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