Article
Your Bank Data Could Become A Profit Center - And You'll Pay the Price
Your Bank Data Could Become A Profit Center - And You'll Pay the Price
Authored by Morgan Sweeney via The Center Square,
A forthcoming federal rule on open banking may allow banks to charge new fees for access to consumer data, a move critics say would harm consumers and runs counter to other parts of President Donald Trump's agenda.
Open banking allows consumers to authorize banks and other financial institutions to securely share their financial data electronically with third-party providers.
PNC Bank building in Pittsburgh, PA (Photo: Grace David / The Center...
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