Ryan Williams, Conservative shadow minister for pan-Canadian trade and competition, tabled the private member’s bill Thursday, calling on Finance Minister Chrystia Freeland to provide a plan to introduce an open banking system within 30 days of the legislation passing. (The Logic)

Talking point: Open banking would let consumers share their financial data with a third-party provider, such as other banks and fintechs. The target date to implement the first phase of the model was initially January 2023, but has since been delayed without a new deadline. Amid the uncertainty, Canadian fintechs have been campaigning for public support on open banking. South of the border, the U.S. Consumer Financial Protection Bureau proposed a personal financial data rights rule in October that would forbid banks from “hoarding” an individual’s data. Department of Finance spokesperson Maude Duguay told The Logic in September that the department and open- banking lead are “continuing their work at this time” when asked if a read-only model of open banking will be presented this year.