Open banking runs on shared data, not shared rules. As banks, fintechs, and regulators sort out liability and third party risk, one question keeps getting overlooked: when something breaks, who's on the hook? This episode digs into the fault lines under the U.S. open banking system, from banks still relying on decade old OCC guidance to the clash between the CFPB's Section 1033 competition mandate and prudential regulators' safety concerns. We look at why the industry may need a standardized accreditation framework, a risk registry, and tools like liability insurance to bring real accountability to a system built on improvisation.
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