The unique and expanding conversation around consumer data rights intersects significantly with financial health. This topic page will showcase work, insights, conversations, and strategies from the Financial Health Network and our broader stakeholder network around consumer data rights.
Feb 4, 2021. Read our comment letter on consumer access to financial records in order to:
Financial Health Network’s Dan Murphy recently participated in a panel discussion with Flourish Ventures at the Singapore Fintech Festival. The discussion covered:
The Financial Health Network’s Dan Murphy recently published this report with the Brookings Institution on CARES Act stimulus payments. The report estimates how long recipients waited to receive their Economic Impact Payment (EIP), the fees some might have paid for access, and how recipients used their EIP. Some of the report findings include:
As the Consumer Financial Protection Bureau writes data-sharing rules, the third-party firms that work with fintechs say oversight by the agency would be more efficient – and better for consumers – than being policed by their bank partners.
Oct. 2, 2020. The use of data in financial services has the potential to promote financial health, but also requires careful evaluation to manage risks and protect consumers. Explore the federal framework which governs consumer financial data in the United States, along with critical questions arising from a changing financial data ecosystem.
Nov. 15, 2019. A leading fintech shares the importance of being a trusted steward for consumer data, what data governance means for consumer financial health, and their best practices for building a consumer data strategy.
Discover key steps that financial services providers – banks, credit unions, data aggregators, financial technology companies, and other financial data sharing providers – and regulators can take to foster progress toward an improved data-sharing ecosystem that will benefit both consumers and providers.
Oct. 20, 2016. Over the last two decades, the emergence of new intermediaries that aggregate data from numerous sources has enabled financial services providers of all kinds to provide consumers with a more complete view of their financial lives. This, in turn, has contributed to the recent growth of financial technology (“fintech”) companies that are using these data to provide new tools and services to consumers. This brief outlines a set of principles to guide the financial services industry as it works to establish a data-sharing ecosystem that is secure, inclusive and innovative.