Under a revised open-banking proposal, banks are expected to be allowed to charge fees to fintechs and other third parties that want to access customer financial data. Forward look: If fintechs have to pay for data access, banks may face prolonged legal battles, experts say. The submission to OIRA late Tuesday night marks a critical step toward replacing the Biden-era open-banking rule that was finalized in late 2024. In the absence of a rule, banks have moved forward on their own. Banks want regulators to strictly limit data access to protect against misuse, and to protect consumers.