Allowing bi-lateral agreements between self-interested companies to serve as a proxy for thoughtful federal policy is no way to build an ecosystem that is so important to the financial health of consumers.

An EO From the Trump administration mandates the government to modernize payments–but may not move the needle much.

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.

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.

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.