In the wake of proposed new regulations, a coalition of fintech companies hasformed a new trade group aimed at ensuring consumers can access andshare financial data with third-party companies.

The organization, called the Consumer Financial Data Rightsgroup, includes founding members Affirm, Betterment, Digit,Envestnet|Yodlee, Kabbage, Personal Capital, Ripple, Varo Moneyand others, according to a recent announcement.

“Together with promoting consumer choice and access to theseconsumer-first financial health tools, the CFDR is also committedto improving dialogue throughout the financial industry, activelyengaging the government and working with banks, fintech innovators,and third-party platforms,” the group said. “The CFDR aims to be aresource for policymakers, including the Consumer FinancialProtection Bureau, as they determine how to best assist consumersin leveraging their own financial data.”