A coalition of trade groups warns of legal threats to U.S. open banking, urging Trump to uphold consumer financial data rights. The open banking rule, finalized during Trump’s first term, established a legal foundation for consumers to link their financial data to third-party services free of charge.

A coalition of trade groups warns of legal threats to U.S. open banking, urging Trump to uphold consumer financial data rights. The open banking rule, finalized during Trump’s first term, established a legal foundation for consumers to link their financial data to third-party services free of charge.

Source: https://cryptoslate.com/crypto-fintech-lobbies-urge-trump-to-defend-open-banking-amid-big-banks-legal-challenge/