Groups seek Trump aid on open banking

Groups seek Trump aid on open banking

Fintechs and merchants urged the president to take on big banks and let the U.S. open banking rule move forward.

Open Banking Battle: Crypto Orgs Urge Trump to Step In

A group of trade organizations representing the crypto, fintech, retail, and restaurant industries has asked US President Donald Trump to support rules that let people share their financial data with apps and services of their choice.

Trump Faces Pressure To Protect Open Banking As Wall Street Allegedly Targets Fintech Access

Several blockchain associations and trade groups have sent a letter to President Donald Trump, requesting the return of the Open Banking Rule, which allows consumers free access to their financial data. Big banks are trying to block the rule via litigation, intending to facilitate restrictions that will culminate in debanking. The groups urge the Trump administration to file a brief in the lawsuit before the next hearing, which should take place…

Fintech, crypto groups press Trump to protect open banking amid bank pushback

Trade groups are calling on Trump to protect open banking from lawsuits by big banks, warning it threatens fintech and crypto access. Meanwhile, banks like JPMorgan deepen their move into digital assets and tokenized finance.

Fintech, Crypto, Main Street Business Trades Urge President Trump to Uphold Open Banking Rule amid Anti-Competitive Moves from Nation’s Largest Banks - Financial Data and Technology Association (FDATA)

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Crypto Groups Urge Trump to Stop JPMorgan Data Fees

The post Crypto Groups Urge Trump to Stop JPMorgan Data Fees appeared first on Coinpedia Fintech News A coalition of fintech and cryptocurrency trade groups has called on President Trump to intervene against JPMorgan Chase’s plan to impose fees for accessing customer data. The groups warn that JPMor...