Core Viewpoint - JPMorganChase and Plaid have renewed their partnership to enhance secure data sharing for financial services, including a new pricing structure for data access [1][2]. Group 1: Partnership Details - The renewed partnership allows JPMorganChase customers to link their bank accounts to various external financial services, such as budgeting tools and investment platforms [2]. - The new agreement will not affect Plaid's existing agreements or pricing structures with other customers [2]. - Both companies will invest in technology to improve access to financial data [1]. Group 2: Regulatory Context - The US Consumer Financial Protection Bureau (CFPB) is revisiting regulations on consumer data sharing, which previously prohibited fees like those in the JPMorganChase and Plaid agreement [4]. - The CFPB is currently seeking public input to guide its decision-making process regarding open banking rules [4]. - Legal challenges and criticism from stakeholders in the fintech sector have prompted the CFPB to reconsider its stance on the open banking rule [4]. Group 3: Industry Reactions - The Financial Technology Association, which includes Plaid, is defending the principle of free data access in court [5]. - JPMorganChase has raised concerns about companies accessing its customer data without compensation [5]. - JPMorganChase's consumer payments head emphasized the importance of the partnership for the open banking ecosystem [5].