U.S. Crypto Coalition Warns Bank Data Fees Could Cut Off Stablecoins and Wallets

Fiserv, Block turn to crypto

Settling transactions with digital currencies could save processors and merchants money on payments by cutting out bank and card network fees.

U.S. Crypto Coalition Warns Bank Data Fees Could Cut Off Stablecoins and Wallets

Fintech and crypto groups are urging the Consumer Financial Protection Bureau to stop banks charging for consumer data access, saying the move would undermine open banking and disconnect crypto wallets and stablecoins from the U.S. financial system.

Crypto and Fintech Groups Challenge Bank Opposition to CFPB’s Open Banking Rule

A coalition of crypto, fintech and retail industry groups is pressing the U.S. federal government to defend the open banking rule from the Consumer Financial Protection Bureau’s (CFPB), warning that major banks’ efforts to impose data-access fees and narrow data-sharing rights could stifle innovation in digital assets, wallets and stablecoins. The groups collectively argue that the proposed rule under Section 1033 of the Dodd‑Frank Wall Street R…

Latest U.S. Crypto Coalition Warns Bank Data Fees Could Cut Off Stablecoins and Wallets in

Cryptocurrency news Fintech and crypto groups are urging the Consumer Financial Protection Bureau to stop banks charging for consumer data access, saying the move would undermine open banking and disconnect crypto wallets and stablecoins from the U.S. financial system. Oct 21, 2025, 9:00 a.m. A coalition of U.S. crypto, fintech and retail groups is uniting to defend open banking, warning in a letter that big banks’ attempts to charge for data ac…

Crypto, Fintech push back against banks’ war on open banking - WorldNL Magazine

A coalition of fintech, crypto and retail industry trade groups is urging the US Consumer Financial Protection Bureau (CFPB) to adopt a robust open banking rule that safeguards consumers’ control over their financial data.The letter shared with Cointelegraph was signed by leading crypto advocacy groups — including the Blockchain Association and the Crypto Council for Innovation — alongside fintech and industry organizations such as the Financial…

Open Banking: CFPB Faces Pressure to Protect Consumer Data

A group of U.S. crypto, fintech and retail organizations is asking the Consumer Financial Protection Bureau (CFPB) to protect consumers’ access to their financial data. They sent a joint letter warning that banks charging fees for data access could slow innovation, reports Coin Bureau. The letter stresses that Americans, not big banks, should control their own financial information. JUST IN: CRYPTO & FINTECH GROUPS BACK OPEN BANKINGIndustry lead…