CFPB to Play Peacemaker in Battle for Consumers’ Financial Data

Lydia Beyoud reports: The CFPB is ready to shape the next phase of open banking in the U.S. as it develops standards for how vast amounts of consumer financial data is shared among banks, fintech apps, and data transfer companies. Financial data sharing has been largely left in private-sector hands, but the Consumer Financial...

Three Montrealers arrested after Quebec teachers’ personal information stolen

Amy Luft reports:  Quebec provincial police have arrested three Montreal men they say are behind a widespread identity theft operation that stole personal information from scores of Quebec teachers and education workers. The three men were arrested on Friday: Frédéric Lapointe, 41, Rath Pak, 41, and Jimmy Saintelien, 39. In February, Quebec’s education minister...