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JPMorgan Cuts Data Fees in Fintech Agreements

11/14/2025

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Summary

Story summary

JPMorgan Chase has reached agreements with fintech firms to pay for data requests tied to customer bank accounts.
The move follows a long-standing dispute over data access intensified by the Biden-era Consumer Financial Protection Bureau (CFPB)'s open-banking rule.
JPMorgan initially planned to charge substantial fees for data access.
After negotiations, JPMorgan lowered pricing, providing fintech firms with more certainty.
Details of the contracts remain undisclosed.

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Story summary

JPMorgan Chase has reached agreements with fintech firms to pay for data requests tied to customer bank accounts.
The move follows a long-standing dispute over data access intensified by the Biden-era Consumer Financial Protection Bureau (CFPB)'s open-banking rule.
JPMorgan initially planned to charge substantial fees for data access.
After negotiations, JPMorgan lowered pricing, providing fintech firms with more certainty.
Details of the contracts remain undisclosed.