JPMorgan Introduces Open Banking Data Fees and Disrupts Aggregators
In a letter to shareholders dated April 7th, 2024, JPMorgan CEO Jamie Dimon expressed concerns over third parties seeking unrestricted access to bank customer data, suggesting these entities could potentially misuse it for their own gain. He emphasized that while they support data sharing, it’s crucial that it’s done transparently—with customers fully aware of what […]
Lawsuits target ‘potato cartel’ enabled by price data aggregators
Frozen potato producers are the target of multiple new federal lawsuits that allege the companies are fixing prices through third-party data providers to form a “potato cartel.” Companies such as Cavendish Farms, McCain Foods, JRS, and Lamb Weston, along with the National Potato Promotion Board, conspired to “cultivate, stabilize, and restore” the potato. [or] To […]