I'm not so sure it's so black and white. Isn't this exactly the kind of situation that these banks would use as leverage to get themselves a better deal, especially as interest rate they can charge was a specific complaint?

> Members of the group include JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N), Wells Fargo & Co (WFC.N) Citigroup Inc (C.N), Truist BankBBTVA.UL and PNC Bank PNCBNK.UL.

Yeah, not taking their word for it.