U.S. Crypto Coalition Urges CFPB to Protect Open Banking Amid Bank Fee Push
A coalition representing U.S. cryptocurrency, fintech, and retail sectors has raised alarms over proposed fees by major banks for accessing consumer financial data. In a recent letter to the Consumer Financial Protection Bureau (CFPB), the group emphasized that such charges could hinder critical connections between traditional banking systems and digital finance services like stablecoins and crypto wallets. The coalition includes prominent organizations such as the Blockchain Association, the Crypto Council for Innovation, the National Association of Convenience Stores, and the National Retail Federation. Together, they called on the CFPB to preserve essential consumer protections outlined in its upcoming Rule 1033.












