Your Financial Data Now Has a Cost — Courtesy of JPMorgan Chase
JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps connected to customer bank accounts.
The bank has signed updated contracts with the fintech middlemen that make up more than 95 percent of the data pulls on its systems, including Plaid, Yodlee, Morningstar and Akoya, according to JPMorgan spokesman Drew Pusateri.
“We’ve come to agreements that will make the open banking ecosystem safer and more sustainable and allow customers to continue reliably and securely accessing their favorite financial products,” Pusateri said in a statement. “The free market worked.” Click here to read more.
Michigan Poverty Task Force Rolls Out the Red Carpet…for Foreigners
Michigan’s Poverty Task Force has a new webinar available, and it appears to have less to do with helping struggling Michiganders and more to do with hosting a job recruitment drive for people who are noncitizens.
Today’s big event? A state-promoted Zoom webinar offered by the Michigan Dept. of Labor and Economic Opportunity (LEO) and spotlighting “employment opportunities for immigrants and refugees.” Yes, Michigan tax dollars are sponsoring a statewide job- search pep rally and information session for who the Democrats in Michigan government often call “newcomers.” Click here to read more.
Biden-era executive order harms business owners, forcing them into union agreements
The Trump administration recently enforced a Biden-era executive order, harming contractors and subcontractors that provide services to federal entities, and Bill Slayden is one of the many contractors who have been harmed by this rule. If Bill wants to continue providing construction services to the federal government, which is a major source of his company’s revenue, the company must enter into a forced agreement with labor unions—something that neither Bill nor his employees wants to do.
Bill Slayden started his plumbing business in 1979, performing residential and light commercial jobs. His small start-up eventually grew into a leading mechanical engineering company, which provides vital contracting services to the federal government—and what once was as a garage business has scaled to a company that employs over 60 people. Click here to read more.
Who is Clay Higgins, the only House member to vote against releasing the Epstein files?
Both Democrats and Republicans alike readied for a unanimous House vote Tuesday to pass a bill to force the release of the case files on the convicted sex offender Jeffrey Epstein. But in the end, one lawmaker stood alone in opposition: Republican Rep. Clay Higgins.
Higgins, who is in his fifth term representing a congressional district in southwest Louisiana, explained in a lengthy statement that he was “a principled ‘NO’ on this bill from the beginning.” He raised some of the same objections that House Speaker Mike Johnson, another Louisiana Republican, had with the bill, yet even Johnson said Tuesday he would vote for it because, “None of us want to go on record and in any way be accused of not being for maximum transparency.” Click here for more.
K-12 moving to Labor as Trump administration accelerates bid to dismantle Education Department
The U.S. Education Department is moving management of K-12 and higher education to the Department of Labor and parceling out other job duties to other federal agencies in the most sweeping effort so far to dismantle the agency.
The Education Department announced the changes Tuesday, describing them as fulfilling President Donald Trump’s promise to “return education to the states.”
Management of both the Office of Elementary and Secondary Education and the Office of Postsecondary Education will be moved to the Department of Labor, which oversees workforce development programs and protects workers’ rights, among other responsibilities. Click here to read more.
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