Stripe Among First Fintechs to File Opposition to JPMorgan Fees

Stripe Inc. is among the first financial-technology firms to directly and publicly appeal to the US Consumer Financial Protection Bureau to take immediate action against banks charging for access to their customers’ financial data.

Allowing JPMorgan Chase & Co. to charge fees while the CFPB considers whether to allow the bank and others in the industry to do so “will cause significant damage to the marketplace and consumers,” Stripe said in comments filed with the agency Friday and made public Tuesday.

The comments by Stripe, a payments-focused firm, come as the CFPB attempts to revamp its rule governing the sharing ...