Protecting the personal information of consumers who use financial services applications on their mobile or internet-connected devices.

Summary

The bill forces financial institutions that offer banking services through mobile or internet apps to tell consumers what personal information they collect, store, or share, and to provide an opt‑out option when that data isn’t necessary for the service. It also applies to data that third‑party apps might obtain from the consumer’s device. Violations are treated as unfair or deceptive practices with statutory damages of at least $7,500.

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

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