EDPS releases opinions on financial data access framework, EU payment services directive

The European Data Protection Supervisor issued two opinions related to financial and payment services regulations. In its first opinion, the EDPS welcomed the proposal for a Regulation on a Financial Data Access Framework and recommended tightening the definition of "customer data." In the second opinion, the EDPS generally approved the Regulation and Directive on payment services within the EU, and recommended clearly defining limits on what personal data is necessary for fraud prevention.