Open Banking, Banking as a Service & Lessons from Recent Enforcement Actions

Audit & Accounting Compliance Human Resources Information Technology Marketing Operations Senior Management

On-Demand Webinar

StreamedMar 24, 2025Duration90 minutes

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

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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.