Critics: proposed open-banking rule could let banks charge for consumer data and clash with Trump agenda
A proposed federal open-banking rule could let banks impose new fees for access to consumer data, critics warn, saying the change would harm consumers and conflict with parts of President Donald Trump’s agenda.
The Center Square reports a forthcoming federal rule on open banking may allow banks to charge new fees for access to consumer data. Critics say such fees would harm consumers and run counter to other parts of President Donald Trump’s agenda.