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Fintech, Crypto CEOs Urge Trump to Block Banks’ Data-Access Fees
6 Articles
6 Articles
Crypto, Fintech Urge Trump to Stop Bank Data Access Fees
Top fintech and crypto companies on Wednesday urged President Donald Trump to stop American banks from charging fees for customer data. The post Crypto, Fintech Urge Trump to Stop Bank Data Access Fees appeared first on Breitbart.
Fintech CEOs Urge Trump to Block Bank Fees on Customer Data Access
In a bold move that underscores the escalating tensions between traditional banking giants and the burgeoning fintech and cryptocurrency sectors, more than 80 chief executives from leading companies have penned a letter to President Donald Trump, imploring him to intervene and prevent U.S. banks from imposing fees on access to customer financial data. The plea, released on Thursday, highlights concerns that such charges could stifle innovation a…
Key Points of the News Industry Reaction: Fintech leaders and Klarna crypto, Robinhood, Gemini, Kraken, Paradigm and major payment companies urged President Trump to block bank rates for access to data, warning that charges would paralyze innovation. Tariff Reasoning and Risk: JPMorgan plans to charge data aggregators he considers unremunerated intermediaries, while PNC is evaluating similar policies, which raises fears that new tolls will be ex…
Shopify CEO Tobias Lütke, Tyler and Cameron Winklevoss, and 80+ fintech and crypto CEOs urge Trump to block US banks from charging fees to access customer data
Paige Smith / Bloomberg: Shopify CEO Tobias Lütke, Tyler and Cameron Winklevoss, and 80+ fintech and crypto CEOs urge Trump to block US banks from charging fees to access customer data — Top fintech and crypto executives urged the Trump administration to block US banks from charging fees for access to customer data …
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