Open Banking, Banking as a Service & Lessons from Recent Enforcement Actions
March 24, 2025
Live Webinar
DateMar 24, 2025Duration90 minutes
08:00 AM PDT09:00 AM MDT
10:00 AM CDT11:00 AM EDT
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
On-Demand Webinar
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
The popularity of open banking and Banking as a Service (BaaS) has grown – but so has examiner focus.
This timely program will review
the recent final rule issued by the CFPB regarding open banking. It will also
address BaaS enforcement actions and regulatory guidance. Join us to get the
scoop on how your financial institution can ensure compliance in both arenas.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Understand “open banking”, what it means, how it works, and how financial institutions are using it
- Explain the recent CFPB final open banking rule issued in October 2024
- Identify the list of requirements and controls your institution should implement regarding its BaaS program
- Comply with regulatory requirements for collecting accountholder information, even when partnering with a third-party technology service provider
WEBINAR DETAILS
In recent years, there has been increased focus on
open banking, including recent regulatory requirements issued by the CFPB in
October 2024. This webinar will address how open banking works and its
advantages for your financial institution.
In addition, as the Banking
as a Service (BaaS) model has grown, so has related regulatory scrutiny and
enforcement actions. Smaller community financial institutions seem to be
receiving the most scrutiny, leading to requirements for ceasing BaaS programs
or in other extreme situations, the closure or sale of the financial
institution. This program will explain where financial institutions have gone
wrong and will review current regulatory guidance and takeaways from recent
enforcement actions that your financial institution can use to avoid regulatory
problems.
WHO SHOULD ATTEND?
This informative session
is directed to senior management and leadership, as well as technology,
vendor-management, and compliance staff.
TAKE-AWAY TOOLKIT
- Action checklist for BaaS programs
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Spencer Fane LLP
© 2025 FINANCIAL EDUCATION & DEVELOPMENT, INC