JPMorgan Chase plans to charge fintech companies for access to customer bank data, with fees varying by use case. The move could impact payment apps relying on free data access. Shares of PayPal, Block, Visa, and Mastercard dropped. New fees expected later this year, subject to negotiation. U.S. banks seek lighter regulations under Trump administration.

Read more at Yahoo Finance: JPMorgan plans to charge fintechs for customer data, Bloomberg News reports