The Banks Locked Agents Out. This Week an Agent Paid an Invoice Through the Front Door.
Photo: Forkast
Between October 13 and October 16, JPMorgan Chase, Bank of America, Citi, Schwab, and Wells Fargo locked AI agents out of consumer accounts . The response included four hard blocks and one contract rewrite. Jamie Dimon, CEO of JPMorgan Chase, characterized the move as a “liability transfer,” citing concerns over unverified agents, the use of shared customer credentials, and unassigned liability. Schwab, for instance, now blocks unauthorized agents like Meta’s Muse at a rate of tens to twenties per week.
Source: Forkast
