This is exactly how banks have gained power over customer data. Enter the CFPB’s new rule on personal financial data rights, which is fundamentally reasonable. While the Trump administration works through its approach to Section 1033 rulemaking, JPMorgan Chase is trying to game the system with crushing new fees on data access. Data ownership without data access is not ownership at all—it’s an empty promise designed to maintain the banks’ stranglehold on customer relationships while blocking innovative competitors. The choice is clear: preserve open banking and American innovation, or let Jamie Dimon and his peers maintain their profitable stranglehold over customer data.