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 JPMorgan’s proposed charges threaten the principles of open banking by limiting fintech and crypto firms’ ability to deliver innovative, competitive financial services. They urge regulatory action to ensure fair and affordable access to banking data, which is crucial for fostering innovation and expanding consumer choice in the digital financial ecosystem.