Open banking goes back to drafting
The rule was finished, enjoined and reopened. The compliance date arrived and bound nobody, and the fee question is live again.
SEPTEMBER 6, 2026
The rule was finished, enjoined and reopened. The compliance date arrived and bound nobody, and the fee question is live again.
The instant rails work, clear large sums, and run continuously. Corporate finance departments were designed around the delay they remove.
Whatever the partnership agreement says about who handles compliance, the enforcement action arrives at the institution holding the charter.
Mid-sized banks are finally replacing decades-old cores, driven less by ambition than by the retirement of the people who understand the old ones.
Tokenized commercial bank money is moving into corporate pilots, promising programmability without leaving the regulated perimeter.