Inside the Open Banking Showdown with Special Guest Ian P. Moloney

On this episode, Pete and Julie welcome Ian P. Moloney, SVP and Head of Policy and Regulatory Affairs from the American Fintech Council, to break down the latest on the high-stakes legal battle over open banking. The Consumer Financial Protection Bureau’s (CFPB) ruling under Dodd-Frank 1033 has sparked lawsuits, political maneuvering, and pushback from Big Banks, raising fundamental questions about who owns consumer financial data and who pays for access to it. Ian explains what’s at stake as the rule is challenged, how fintech innovators and disruptors are responding, and why employees, consumers, and payroll professionals should care. From JP Morgan’s recent data access fees announcement to the role of disruptors like SoFi, Affirm, and DailyPay, the discussion highlights how the outcome of this battle will shape the future of fintech partnerships, financial access, and the employee experience. Connect with Ian & the AFC: Ian’s LinkedIn: https://www.linkedin.com/in/ianpmoloney/ AFC LinkedIn: https://www.linkedin.com/company/american-fintech-council/ AFC: https://www.fintechcouncil.org/ Connect with the show: LinkedIn: http://linkedin.com/company/hr-payroll-2-0 X: @HRPayroll2_0 @PeteTiliakos @JulieFer_HR BlueSky: @hrpayroll2o.bsky.social YouTube: https://www.youtube.com/@HRPAYROLL2_0