Schwab and JPMorgan block AI agents from moving customer money

Charles Schwab is blocking outside AI agents, including Meta's Muse, that try to move client money, CEO Rick Wurster told Bloomberg Television. The bank will instead expose balances via controlled MCP servers and push its own assistant Charley. JPMorgan CEO Jamie Dimon took a similar stance this week.

• Schwab blocks tens of AI agent attempts to move client money each week
• Outside AI tools will only be able to view balances via MCP servers
• JPMorgan won't let outside AI agents act inside its systems over 'rogue agents'
• Liability for AI agent actions is still being debated in US Congress