AIThe Next Webabout 2 hours ago
Schwab and JPMorgan Block AI Money Moves
2 min read
Charles Schwab CEO Rick Wurster announced on Friday that the bank is blocking unauthorized AI agents, including Meta's Muse, from moving client funds. JPMorgan CEO Jamie Dimon confirmed similar restrictions on Tuesday. Both institutions allow balance checks via Model Context Protocol servers but prohibit transactions, citing liability concerns as US Congress debates AI agent regulations.
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