Just saw this topic…
Can’t say I am surprised based on my past interactions with them.
“This specific JPMorgan move is happening now under Biden-era rules. In fact, the Biden administration finalized the open banking regulation in October 2023 to help consumers freely share their financial data. JPMorgan’s proposed fees may clash with the spirit (or letter) of those new rules, so there’s regulatory uncertainty.” (ChatGPT quote)
The current admin. has been weakening consumer protection rules, so I think we can expect that this is going to hit all aggregators and eventually will impact our favorite budgeting software company. ![]()
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