As open banking gains momentum in the U.S., its impact on credit cards and lending revenue is significant. This session will delve deep into the relationship between the emergence of open banking and its implications for the credit card industry. With open banking enabling lenders to assess consumer risk more accurately, there are opportunities to expand credit card offerings, approve more applicants, and diversify revenue streams. The discussion will explore how open banking facilitates better risk evaluation, leading to increased approval rates and a broader range of products and services for potential cardholders. This is particularly relevant in the context of recent regulatory changes, such as the CFPB's restrictions on overdraft fees and NSF fees, which have prompted banks to seek alternative sources of income. This is what’s next!