What is Section 1033?

Section 1033 of the Dodd-Frank Act underpins the CFPB’s Personal Financial Data Rights rule, finalized in October 2024. It requires data providers — banks, credit unions and card issuers — to make covered consumer financial data available through secure, standardized developer interfaces at no charge to consumers, with consumer-controlled consent and revocation.

What is the current status of the 1033 rule?

Enforcement is currently enjoined by a federal court while the CFPB conducts a reconsideration rulemaking, and the original compliance dates are stayed. A revised proposal is expected imminently. The core direction — API-based data sharing on the FDX standard with strong consent — is not in dispute, which is why institutions are continuing readiness work through the pause.

Who does the rule apply to?

As finalized, it applies to depository institutions above $850 million in assets and to nondepository providers, phased by size over several years. Even institutions below the threshold face market pressure to offer API access, since aggregators and fintechs are migrating away from screen scraping.

How long does the assessment take and what do I get?

About 5 minutes. You get an overall readiness percentage, a named readiness stage, a per-dimension breakdown with priority gaps flagged, and tailored recommendations — plus a shareable results link for your team.

Is my information shared?

Your answers are used to generate your results and, if you provide contact details, to follow up with relevant insights. We don’t publish or share individual responses. See our Privacy Policy for details.

How does Fiskil help with Section 1033?

Fiskil provides data provider infrastructure — FDX-aligned APIs, consent management, third-party onboarding, monitoring and regulatory reporting — so institutions can meet the rule’s requirements without building and operating the stack in-house.

Free self-assessment · Section 1033 & FDX

How ready is your institution for US open banking?

Benchmark your readiness for the CFPB’s Personal Financial Data Rights rule (Section 1033) across six dimensions — regulatory strategy, data & APIs, consent, security, operations and organization — and get a tailored gap analysis in about 5 minutes.

Start the assessment Talk to our team

6 dimensions · 24 questions · ~5 minutes

Why assess readiness now?

Section 1033 enforcement is paused while the CFPB rewrites parts of the rule — but the direction is set: standardized, credential-free APIs with consumer-controlled consent, built on the FDX standard. The longest-lead work (data mapping, consent infrastructure, operational readiness) takes 12–18 months, so institutions that use this window move from reactive compliance to competitive advantage.

See exactly where you stand across the six capability areas examiners and data recipients care about
Get a stage-based readiness score you can share with your executive team
Receive tailored next steps for your weakest dimensions — grounded in the rule’s actual requirements

What the assessment covers

Twenty-four questions across the six dimensions that determine whether a bank or credit union can operate as a compliant data provider.

Regulatory strategy & compliance

How well your institution tracks Section 1033 and has turned it into an owned, resourced compliance roadmap.

Data & API architecture

Whether the data the rule covers is mapped, standardized and technically reachable through modern APIs.

Consent & customer experience

Whether consumers can authorize, see, manage and revoke data sharing as easily as they grant it.

Security & authentication

Whether third-party access runs on modern, token-based security instead of shared credentials.

Operations & monitoring

Whether you can run a developer interface at regulatory grade — performance, incidents, onboarding and reporting.

Organization & strategy

Whether open banking has budget, sponsorship and a strategy beyond minimum compliance.

How it works

Answer 24 questions

Rate your institution on a five-level maturity scale across six dimensions. It takes about 5 minutes.

Get your readiness stage

See your overall score, stage, and a dimension-by-dimension breakdown with priority gaps flagged.

Turn it into a plan

Use the tailored recommendations — or book a strategy call and we’ll build the roadmap with you.

Start the assessment

Frequently asked questions

Talk to an open banking expert

Whether you’re starting your 1033 program or hardening an existing one, our team can walk you through what good looks like — and how to get there faster.

Speak with a Fiskil integration expert today

Loading Contact Form...