JPMorgan Chase’s Plans for Charging Fintechs for Customer Account Data Raising Concerns With at Least One CFPB Official: Report

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One official at a federal consumer protection agency is reportedly raising concerns over JPMorgan Chase’s plan to charge fintech fees for customers’ account data. An unnamed politically appointed official with the Consumer Financial Protection Bureau (CFPB) believes the agency’s efforts to kill in court an open banking rule enacted under former US President Biden may be giving JPMorgan Chase the opportunity to charge the fees, reports Bloomberg. The same official is discussing the issue with con...