JPMorgan strikes paid data deals with fintech | JQJO

JPMorgan Chase has signed paid data-sharing agreements with fintech middlemen covering more than 95% of data requests, including Plaid, Yodlee, Morningstar and Akoya. The bank says the deals will make open banking safer and more sustainable, following weeks of talks after the Trump Administration asked a federal court to vacate the CFPB’s 2024 rule and JPMorgan moved to charge access fees. Pricing was reduced and aggregators won service concessions; terms remain undisclosed. The Financial Technology Association condemned the move as anti-competitive and urged the Trump Administration to maintain the ban on data access fees.