When autocomplete results are available use up and down arrows to review and enter to select.
The ICBA Open Banking (Section 1033) Guidebook provides an overview of the Consumer Financial Protection Bureau’s (CFPB) final rule implementing Section 1033 of the Dodd-Frank Act. The rule establishes a consumer’s right to access and share their financial data in a standardized format through an API-enabled developer portal. This guide explains the rule’s purpose of enabling open banking, outlines compliance requirements for financial institutions, and highlights key definitions, exemptions, and implementation timelines. It also details ICBA’s advocacy efforts, including securing exemptions for small banks and supporting safeguards for consumer data. The document serves as a resource for understanding the rule’s impact on data providers, consumers, and the financial services industry.