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Ask HN: What Biden's latest executive order means for open banking?

1 pointsby rmestersalmost 4 years ago
Biden has signed a new executive order Promoting Competition in the American Economy: https:&#x2F;&#x2F;www.whitehouse.gov&#x2F;briefing-room&#x2F;statements-releases&#x2F;2021&#x2F;07&#x2F;09&#x2F;fact-sheet-executive-order-on-promoting-competition-in-the-american-economy&#x2F;<p>Among other things, the announcement says that it will &quot;make it easier and cheaper to switch banks by requiring banks to allow customers to take their financial transaction data with them to a competitor&quot;.<p>Does it really mean that regulated open banking (like Europe) is coming to US or its still uncertain?

1 comment

wdbalmost 4 years ago
Maybe it gives some support to The Financial Data Exchange?