IPA’s August 2025 Government Update

Open Banking Rule Revisited & The Durbin Amendment in Court: August Government Update 

August may be quiet in Washington, but regulatory and legal developments in payments continue to happen. In this episode of the IPA’s Government Update podcast, the IPA’s CEO Brian Tate joins us to unpack two headline issues: 

• Open Banking Rule Reconsidered: The CFPB has released an Advance Notice of Proposed Rulemaking (ANPR) on open banking—raising new questions about fees, compliance timelines, and what the future rule might look like. Brian walks us through the litigation backdrop, industry perspectives, and what financial institutions and fintechs should be watching. 

• Corner Post v. Federal Reserve: A recent court ruling in North Dakota challenges the Fed’s Regulation II under the Durbin Amendment, questioning which costs can be factored into debit interchange fees. Brian explains what this means for banks, merchants, and consumers, and why the case could extend for years through appeals. 

We also look ahead at compliance challenges, industry strategy, and what companies should do now to prepare for a shifting payments landscape. 

If your job is compliance, then you should attend our Compliance Boot Camp this September in Chicago. It is an essential event for professionals looking to build compliance expertise and earn CLEs. We will be covering a variety of topics from EWA to Regulation E to AI.