We previously covered the nonsensical Biden regulation that mandates a zero price for fintechs to access bank APIs for customer data. Elizabeth Warren is still banging the drum for a zero price mandate, most recently in a letter to acting CFPB director Russ Vought:

We’ve learned that CFPB may make one of its last orders of business before shutting down on a Warren-light version of a price cap.

That would be better than a zero-price mandate but is unnecessary and contrary to free-market principles. The fintechs have proven more than capable of negotiating data agreements with the banks. The most rational response to Warren’s letter is to do exactly the opposite of what she demands and impose no price regulation of any kind.