By Steve Boms


The ability of Americans to see their total financial picture across multiple financial institutions and quickly access technology-based tools to analyze their financial data is no longer theoretical. The fintech industry provides this capability to millions of consumers.


But for fintech to work for consumers, Americans must have the right to safely and securely access and permission their transaction-level data to be shared with those technology-based tools. Although the Dodd-Frank Act sought to strengthen consumers’ ability to access and share their own data, there currently exists no regulatory clarity with regard to how that right is guaranteed to the consumer.


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