OPEN- MINDED: Brian Azar, CEO and president of Pawtucket-based Coastal1 Credit Union, says a move to “open banking” as proposed by the Consumer Financial Protection Bureau could be good for institutions such as his. PBN PHOTO/ MICHAEL SALERNO
If information is power, then banks and credit unions are in control. That’s because every morsel of customer financial data, from spending patterns to credit reports, is owned by the bank, not the customer. Which makes it difficult – and sometimes impossible – for customers to switch banks or share their information with third-party platforms.…
You must be a paid subscriber to read this content.
To keep reading and receive unlimited access subscribe today for only $1.
Subscribe NowAlready a Subscriber?
Login now
Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.
Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.
