Banks lobby against regulation that would protect the consumer, make pricing more transparent and generally hurt banks' bottom line. https://www.huffpost.com/e

Banks lobby against regulation that would protect the consumer, make pricing more transparent and generally hurt banks' bottom line. https://www.huffpost.com/entry/auction-2012-banks-lobby-washington_n_1240762?guccounter=1 https://www.huffpost.com/entry/auction-2012-banks-lobby-wash... Corporate lobbying has not been that strong in EU, where SEPA wire transfers are fee and merchant card fees reasonable capped. And now as the latest PSD2 directive the banks must give you an API access to your own bank account.