Debanking By Design: JPMorgan’s War On Fintech And Consumer Choice
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Opinion

Debanking By Design: JPMorgan’s War On Fintech And Consumer Choice

By making it harder for outside platforms to access data, the big banks keep users locked into their own systems and interfaces.

Will Hild

JPMorgan Chase just announced a new set of fees on financial-technology (fintech) platforms for access to their customers’ bank account information. This move from the banking giant is a direct attack on consumer choice, financial innovation, and the free market.

America’s biggest bank is effectively imposing a tax on consumers. These fees aren’t about protecting customers or improving service; they’re about preserving the bank’s monopoly over your money and your information.

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