The Consumer Financial Protection Bureau, the bureaucratic brainchild of Sen. Elizabeth Warren (D-MA), has become a textbook example of how government overreach hides behind feel-good slogans. Now, its supporters are trying to use religious freedom as cover for one of its worst ideas yet: Section 1033, the so-called “open banking” rule.

Let’s be clear: Section 1033 isn’t about consumer empowerment. It’s about expanding federal control over America’s financial system by forcing banks and credit unions to hand over access to their infrastructure to third-party financial technology firms — at no charge.

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