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Fintechs blast JPMorgan over data fees

Payments Dive

The fees, which would be imposed as soon as September, come as banks and fintechs litigate in federal court over the future of the CFPB open banking rule. Under the Trump administration, the CFPB has adopted the banks’ position that the rule is unlawful and should be vacated by a federal judge overseeing bank groups’ lawsuit in Kentucky.

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Fighting Scams and Authorized Push Payment Fraud in the US

FICO

It was even more surprising to me that the CEOs didn’t have the data right in front of them, given the signals coming from regulatory bodies like the Consumer Financial Protection Bureau (CFPB) about the need for more oversight for real-time P2P payments networks.

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