Chopra Doesn't Yield on Open Banking; Banks Sue Immediately

Also, OCC chief backs federal oversight for payment apps

Two weeks before an election that could leave him out of a job, Rohit Chopra unveiled a final rule for sharing consumers’ financial data that he loftily cast as a return to the ideal of American economic freedom (and a big part of his own legacy). But it didn’t take long for large banks, which unsuccessfully lobbied to get him to scale back the effort, …