The Center for Data Innovation has filed comments with the U.S. Consumer Financial Protection Bureau (the “Bureau”) on developing regulations to implement section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which provides for consumer access to financial records. The Bureau should require regulated financial institutions to maintain open application programming interfaces (APIs) that provide access to consumer account information. In particular, the Bureau should require data holders make any data a consumer can access directly through their portal available to authorized third parties through APIs.
Comments to the CFPB on Consumer Access to Financial Records
Hodan Omaar is a senior policy analyst at the Center for Data Innovation focusing on AI policy. Previously, she worked as a senior consultant on technology and risk management in London and as a crypto-economist in Berlin. She has an MA in Economics and Mathematics from the University of Edinburgh.
Daniel Castro is the director of the Center for Data Innovation and vice president of the Information Technology and Innovation Foundation. Mr. Castro writes and speaks on a variety of issues related to information technology and internet policy, including data, privacy, security, intellectual property, internet governance, e-government, and accessibility for people with disabilities. His work has been quoted and cited in numerous media outlets, including The Washington Post, The Wall Street Journal, NPR, USA Today, Bloomberg News, and Businessweek. In 2013, Mr. Castro was named to FedScoop’s list of “Top 25 most influential people under 40 in government and tech.” In 2015, U.S. Secretary of Commerce Penny Pritzker appointed Mr. Castro to the Commerce Data Advisory Council. Mr. Castro previously worked as an IT analyst at the Government Accountability Office (GAO) where he audited IT security and management controls at various government agencies. He contributed to GAO reports on the state of information security at a variety of federal agencies, including the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). In addition, Mr. Castro was a Visiting Scientist at the Software Engineering Institute (SEI) in Pittsburgh, Pennsylvania where he developed virtual training simulations to provide clients with hands-on training of the latest information security tools. He has a B.S. in Foreign Service from Georgetown University and an M.S. in Information Security Technology and Management from Carnegie Mellon University.