Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act

Summary

The bill adds data‑minimization limits, extends the consumer’s right to opt out of data sharing, and requires new disclosures and opt‑out options when third parties use a consumer’s login credentials. It applies to banks, credit unions, and other financial institutions, giving consumers more control and transparency over their private financial data.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share