U.S. open banking rules face obstacles as large banks plan to charge fees, sparking dissatisfaction in the fintech industry.

[Coin World] At the end of 2024, U.S. regulators ended a long-standing struggle between banks and tech companies over control of customer financial data: under the Consumer Financial Protection Bureau's landmark open banking rules, customers have the right to request, download, and transfer their data for free. Less than 10 months later, policymakers indicated they would return to the drawing board, as the country's largest banks planned to charge for access to customer data, while executives from some of the largest fintech companies, Crypto Assets firms, and retailers expressed outrage.

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DuskSurfervip
· 08-02 19:47
Big fish eat little fish again
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HalfPositionRunnervip
· 07-30 20:29
The regulators are putting on a show again.
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WalletDivorcervip
· 07-30 20:23
The old tricks of regulation are seen again.
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P2ENotWorkingvip
· 07-30 20:15
Regulation swings left and right again
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GasFeeBeggarvip
· 07-30 20:14
Banks just love to charge fees.
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SquidTeachervip
· 07-30 20:03
Got scammed by the bank again.
View OriginalReply0
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