HR 3912
Financial Data Sharing Choice Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Financial Data Sharing Choice Act, changes how financial institutions share your personal information. Currently, consumers must actively opt-out of data sharing. This bill would require financial institutions to obtain your explicit consent – an ‘opt-in’ – before sharing your nonpublic personal information with third parties. It aims to give consumers more control over their financial data.
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