While regulatory momentum around Section 1033 has stalled, Steve Smith argues that industry and prudential regulators must stop waiting and start building. In this incisive piece, he calls for common standards for risk and information security, urges regulators to revisit Trump-era OCC guidance, and challenges the ecosystem to take a “narrow but deep” view of risk management. 

Why read it? 
Because open banking’s future won’t be decided by the CFPB alone – and this article shows where real progress can begin.