President Trump stands at a crossroads that will define whether his affordability agenda delivers real relief to American families or gets sabotaged by the same Wall Street cartel that spent years weaponizing finance against conservatives. The battleground? Open banking rules that could either unleash American fintech innovation or cement Big Banking’s monopolistic grip through hidden data fees.
The stakes couldn’t be higher. The same financial institutions that “debanked” Trump supporters, closed conservative accounts, and pushed woke ESG policies down America’s throat are now lobbying furiously for the right to tax every financial app and service that dares compete with their bloated offerings. They want to transform open banking—a policy designed to increase competition—into a sophisticated toll booth system where American entrepreneurs must pay tribute to access their own customers’ data.
This isn’t regulatory minutiae. It’s economic warfare against the America First movement.
Consider the brazen audacity: banks that required taxpayer bailouts after their reckless gambling nearly destroyed the economy now demand the right to charge fees every time a budgeting app, investment platform, or small business lender accesses customer account information. These are the same institutions that grew fat on government-guaranteed deposits and Federal Reserve privileges, yet they want Trump to grant them even more power to crush competitors.
The constitutional principle at stake is clear. True free market competition—the kind that built American prosperity—requires a level playing field where innovation, not political connections, determines success. When Wells Fargo or JPMorgan Chase can impose hidden fees on every fintech startup trying to offer Americans better financial services, we’re not witnessing capitalism. We’re watching crony socialism disguised as regulation.
Trump’s decision on open banking fees will signal whether his administration truly understands how Wall Street uses regulatory capture to maintain its stranglehold. The banks’ strategy is sophisticated: appear to accept oversight while actually seeking rules that eliminate competition and increase their control over American financial innovation. It’s the same playbook they used to consolidate power after the 2008 crisis they created.
The economic implications extend far beyond banking. Hidden data fees inevitably flow to American families through higher subscription costs and fewer free financial services. When banks can charge competitors for basic data access, innovation gets strangled in the crib. The budgeting apps helping families manage inflation, the investment platforms democratizing wealth building, the small business lenders serving Main Street—all become more expensive or disappear entirely.
Meanwhile, countries like the United Kingdom and European Union have implemented open banking without hidden fees, spurring genuine competition that benefits consumers. Are we really going to let America fall behind because Wall Street wants to protect its profit margins?
The political dimensions are equally stark. These banks didn’t just oppose Trump—they actively participated in the financial persecution of his supporters. From payment processors cutting off conservative organizations to banks closing accounts based on political views, the financial establishment declared war on half of America. Now they expect Trump to reward their behavior with regulatory gifts that would cement their market dominance.
Patriots should recognize this moment for what it represents: a test of whether Trump will consistently choose American entrepreneurs and consumers over the banking cartel that has consistently opposed America First principles. The same institutions that socialized their losses while privatizing their gains want Trump to help them build higher walls around their castle.
The path forward is clear. Trump’s Consumer Financial Protection Bureau should deliver truly open banking without hidden fees, unleashing a new wave of American financial innovation that serves working families instead of Wall Street boardrooms. This decision could spark the kind of disruptive competition that made America the world’s economic powerhouse.
President Trump has never backed down from a fight with entrenched interests that put their profits above American prosperity. The open banking battle offers him another chance to prove that draining the swamp means more than just changing personnel—it means breaking the systems that allow financial elites to rig the game against ordinary Americans.
The choice is simple: American innovation or Wall Street taxation. Patriots know which side Trump should choose.
