Overview

• The renewed agreement introduces a pricing structure for Plaid’s API pulls from Chase, replacing the prior no-fee arrangement.
• People familiar with the terms say the charges are fractions of a cent per data pull, though the companies did not disclose specifics.
• Plaid says it will absorb the new costs, keep pricing for roughly 7,000 fintech and bank clients unchanged, and maintain customer connections to services.
• Both firms committed to technology upgrades after Chase reported 1.89 billion third-party data requests in June that strained its systems.
• Industry groups criticized the fees and highlighted uncertainty as the CFPB revisits its Section 1033 rule, which previously would have barred such charges.