At last, a conservative news aggregator that does not bow to the woke right.
In this LifeZette article, Grant Stinchfield warns that Big Tech companies are seeking free access to Americans’ banking data under Section 1033, with the costs ultimately landing on consumers through higher fees.
- Stinchfield centers his criticism on Section 1033, a little-noticed rule that would require banks to share customer data with third-party apps once consumers grant permission.
- Companies including PayPal, Venmo, cryptocurrency platforms, and budgeting apps want access to banking information but refuse to pay for the secure systems, cybersecurity, and infrastructure that make the data transfers possible.
- Banks currently bear the full cost of building and maintaining those systems and absorb repeated “pings” from tech platforms seeking data.
- The federal government is intervening to force banks to provide the access at no charge, which Stinchfield calls an anti-free-market move that picks winners and losers.
- If banks are compelled to absorb the expenses, the costs will be passed on to ordinary customers in the form of higher fees, fewer free services, and reduced banking benefits.
- Stinchfield notes that the same Big Tech firms spent years censoring and even debanking conservatives, yet now demand taxpayer-backed subsidies for their data access.
- He argues the dispute should be settled by private negotiation between banks and tech companies rather than government mandates that give multi-billion-dollar platforms a free ride.
Read the full story:
https://www.lifezette.com/2026/07/big-techs-banking-grab-could-hit-your-wallet-next-grant-stinchfield-watch/
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