The U.S. Payments Modernization that Wasn’t
An EO From the Trump administration mandates the government to modernize payments–but may not move the needle much.
JPMorgan Tells Fintechs to Pay Up for Customer Data Access
JPMorgan Chase & Co. has told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to their customers’ bank account information – a move that threatens to upend the industry’s business models.
Court denies open banking briefs
A federal judge said “friend of the court” briefs wouldn’t be helpful in litigation over the Consumer Financial Protection Bureau’s open banking rule.
Judge blocks briefs supporting CFPB open banking rule
Industry and consumer groups are lining up support for the Financial Technology Association's legal effort to uphold the Consumer Financial Protection Bureau's open banking rule, but a federal judge denied their motions to file briefs in support of FTA's case.
Memorandum of the Financial Health Network, Consumers Reports, and SaverLife as Amici Curae in Forcht Bank, NA vs. Consumer Financial Protection Bureau
This Memorandum is submitted in support of intervenor Financial Technology Association’s opposition to plaintiffs’ and defendants’ motions for summary judgment and in support of intervenor’s cross-motion. Amici are non-profit organizations dedicated to advancing the financial health of American households.
Republican Budget Bill Could Change Medicaid for 7 Million
The U.S. House of Representatives narrowly passed a sweeping Republican budget bill early Thursday morning, setting up the possibility of major changes to the Medicaid program that could impact as many as 7 million people, according to the Congressional Budget Office.
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