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Analysis

Fintechs, Banks Clash Over Open Banking Rule Revisions

By Aislinn Keely ( October 22, 2025, 10:19 PM EDT) -- Trade groups representing banks and fintechs clashed in comment letters over the Consumer Financial Protection Bureau's plans to revise its data-sharing mandate, as banks urged the agency to scrap much of the earlier rule for favoring fintechs, while the tech upstarts argued many of the provisions remain necessary to bust banks' allegedly anticompetitive behavior....

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