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Our executive director, Trent England, recently wrote about the fight over "open banking" for Breitbart:

Affordability is a cornerstone of President Donald Trump’s agenda, one he is already delivering on. From rolling back costly energy regulations to providing tax relief for American families and workers, he is bending the trajectory towards a “new golden age.” Yet hidden dangers remain, including from big banks desperate to pry more fees from you and me.

This fight is over something called “open banking.” It’s the idea that customers should control their own banking data—that these networks should be “open” so that we can securely access and share our financial data with apps, advisors, and services we choose. These include payment apps like Venmo or Paypal, investment apps like Coinbase, and countless other personal financial apps, tools, and services.

Open banking gives consumers choices, with no hidden fees on these transactions. But rather than compete, big banks want to control—or impose a toll—when customers choose anyone but them. This year, the Consumer Financial Protection Bureau is rewriting the open banking rule, and it is under immense pressure from the big banks.