A new rule from the Consumer Financial Protection Bureau seeks to make it easier for consumers to get more competitive deals for banking, credit cards, loans and other financial services by making it easier to transfer their data from their current providers.
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New rule may make it easier to switch banks and transfer your financial data, but there is already legal pushback
ALLENTOWN, PENNSYLVANIA - OCTOBER 29: Republican presidential nominee, former President Donald Trump speaks at a campaign rally at The PPL Center on October 29, 2024 in Allentown, Pennsylvania. With one week until Election Day, Trump is campaigning for re-election in the battleground state of Pennsylvania. (Photo by Chip Somodevilla/Getty Images)
Chip Somodevilla/Getty Images
The best protection from Trump’s inflationary agenda: Just be filthy rich
New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024.
Yves Herman/Reuters/File
Chinese EV maker BYD’s revenue beats Tesla for first time
Republican presidential nominee and former U.S. President Donald Trump attends a campaign rally in Rocky Mount, North Carolina, U.S., October 30, 2024.
Brendan McDermid/Reuters
Donald Trump weaponizes non-endorsements from The Washington Post and Los Angeles Times
In this photo illustration, Republican presidential candidate former President Donald Trump's social media platform Truth Social is shown on a cell phone on March 25, 2024 in Chicago, Illinois.
Scott Olson/Getty Images
Trump loses $1.3 billion in net worth after the worst-ever day for his social media stock
Sheets of USD 20 bills roll through the printing press on July 12, 2012, at the US Bureau of Engraving (BEP) in Washington, DC, where the high-tech presses run 24-hours a day. The BEP is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is paper currency for the Federal Reserve. The BEP had its foundations in 1862 with workers signing, separating, and trimming sheets of Demand Notes in the Treasury building. With production facilities in Washington, DC, and in Fort Worth, Texas, during Fiscal Year (FY) 2011, the BEP produced approximately 23.5 million notes a day with a face value of approximately USD USD 453 million. During Fiscal Year (FY) 2011, approximately 5.8 billion notes were delivered at an average cost of 9.1 cents per note. Ninety-five percent of the notes printed each year are used to replace notes already in, or taken out of circulation. Between the Fort Worth and Washington facilities approximately 8.5 tons of ink per day were used during FY 2011. AFP PHOTO / Paul J. RICHARDS (Photo by Paul J. RICHARDS / AFP) (Photo by PAUL J. RICHARDS/AFP via Getty Images)
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PAUL J. RICHARDS/AFP/AFP via Getty Images
Video Economics professor: Facts keep interfering with Trump’s talking points about the economy 2:09
FILE - The Cinderella Castle is seen at the Magic Kingdom at Walt Disney World, July 14, 2023, in Lake Buena Vista, Fla. Months after Disney and Florida Gov. Ron DeSantis' appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement Wednesday, June 5, 2024, that could result in the company investing $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World. (AP Photo/John Raoux, File)
John Raoux/AP
Fired Disney employee allegedly hacked into company system to change allergen info on menus
Workers serve food inside a Chipotle restaurant in New York on Friday, January 12, 2024.
Angus Mordant/Bloomberg/Getty Images/File
Bigger portions return to Chipotle after skimping complaints
The Washington Post Building on June 5, 2024 in Washington, DC.
Andrew Harnik/Getty Images North America/Getty Images
More than 250,000 Washington Post readers cancel subscriptions in revolt over non-endorsement
Margaritas should be near the top of the list of official Texas drinks. This one is the "Presidente," served by Chili's, which, after all, is based in Dallas.
Sara Diggins/Austin American-Statesman/USA Today Network/Imagn Images
Viral appetizer sends Chili’s sales surging
Volkswagen cars pictured in Wolfsburg, Germany on October 28, 2024.
Sean Gallup/Getty Images
Europe’s biggest economy is in crisis. Just look at Volkswagen
Megan Garcia and her son Sewell Setzer III
Courtesy the Garcia family
‘There are no guardrails.’ This mom believes an AI chatbot is responsible for her son’s suicide
Britain's Chancellor of the Exchequer Rachel Reeves poses with the red budget box outside her office on Downing Street in London, Britain October 30, 2024.
Maja Smiejkowska/Reuters
Britain targets the wealthy as it hikes taxes by $52 billion
American consumers continued to fuel economic growth in the third quarter, according to the latest GDP report.
Yuki Iwamura/Bloomberg/Getty Images
America’s economy just achieved the rare feat of a soft landing
Polls show former President Donald Trump and Vice President Kamala Harris are neck-and-neck in the race for the White House.
Bill Pugliano/Win McNamee/Getty Images
Who will be the next president? News outlets are running out of ways to communicate the uncertainty
A hiring sign is displayed in front of a store at the Tysons Corner Center mall in Alexandria, Virginia, on August 22, 2024.
Anna Rose Layden/Getty Images/File
Private sector added twice as many jobs as expected in October
Non-Sporting Group Winner Sage competes in the 148th Annual Westminster Kennel Club Dog Show - Show Night at Arthur Ashe Stadium on May 13, 2024 in New York City.
Mike Stobe/Getty Images for Westminster Kennel Club
Forget Shohei Ohtani. Dogs are getting trading cards now
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CNN
Video Mom describes dark exchange son had with bot 4:23
This photo shows the website Kalshi, an American financial exchange and prediction market, on Wednesday, October 2, 2024. A federal appeals court in Washington, DC, on Wednesday allowed the prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States.
CNN
As voters cast ballots this election, some Americans are placing bets. Here’s what to know
Former President Donald Trump has called for sweeping changes on everything from trade and taxes to immigration. Yet some economists worry the US economy does not need drastic change -- and that what he's calling for could backfire.
Jacquelyn Martin/Alex Brandon/AP
Harris wants to upgrade America’s economy. Trump wants to tear it down and start over