JPMorgan intends to charge for customer bank data access, which fintech associations argue could affect around 8,000 financial apps. Leaders emphasize this move risks consumer control over financial data, highlighting the financial burden it imposes.
Fintech leaders are urging President Trump to intervene by July 29 to protect consumer rights and foster innovation in the financial sector. The situation could hinder the growth of fintech companies and the integration of cryptocurrencies.
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