Dodd-Frank 1033 and the ACH Network

Dodd-Frank Act Section 1033 has emerged as a pivotal regulatory framework impacting financial data access and consumer rights. Specifically, it mandates that consumers have the right to access their financial data and transfer it securely between financial institutions. This session delves into the profound implications of Dodd-Frank 1033 and the CFPB's rule making on two critical aspects of the financial landscape: the ACH Network and emerging Pay by Bank solutions. Attendees will gain a comprehensive understanding of how Dodd-Frank 1033 reshapes data access rights in the financial sector, its implications for the ACH Network, and its role in fostering secure and user-centric payment solutions like Pay by Bank. Moreover, participants will be equipped with strategic insights to navigate compliance challenges and capitalize on emerging opportunities in the evolving regulatory environment.

Speakers:

Ivy Gupta, Plaid, Inc.

Aaron Kouhoupt, McGlinchey Stafford

Jennifer Stokley, APRP, Nacha

*This recording is not eligible for continuing education credits.

Tag(s): PLCS 2024, Legal, Compliance, ACH