Duly Noted

Proponents of the 2024 CFPB rule said it gave consumers control over their financial data and encouraged competition and innovation. Banks including JPMorgan said it exposed them to fraud and unfairly saddled them with the rising costs of maintaining systems increasingly tapped by the middlemen and their clients.

hard to feel bad for two billion dollar parties. But I think the idea of open banking is serviced by the ability to take your money anywhere, not to let anyone hit an api..

_{Quote Citation: CNBC, “JPMorgan Chase wins fight with fintech firms over fees”, 2025-11-14, https://www.cnbc.com/2025/11/14/jpmorgan-chase-fintech-fees.html}