Crypto, Fintech push back against banks’ war on open banking
Market Intelligence Analysis
AI-PoweredThe Blockchain Association, Crypto Council for Innovation, and fintech allies are pushing back against banks' opposition to open banking, urging the CFPB to finalize a rule that would give consumers control over their data.
Moderate, as the outcome of this regulatory decision could influence the adoption and growth of fintech and cryptocurrency companies, potentially impacting their stock prices and market valuations.
Article Context
The Blockchain Association, Crypto Council for Innovation and fintech allies urged the CFPB to finalize an open banking rule ensuring consumers, not banks, control their data.
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