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WY HB0145

WY HB0145
Open banking-amendments.


summary

Introduced
02/15/2024
In Committee
02/28/2024
Crossed Over
02/23/2024
Passed
03/04/2024
Dead
Signed/Enacted/Adopted
03/08/2024

Introduced Session

2024 Budget Session

Bill Summary

AN ACT relating to banking; defining who is a customer for purposes of open banking; limiting the release of customer data through open banking as specified; and providing for an effective date.

AI Summary

This bill amends Wyoming's open banking laws to define "customer" as a natural person or their agent, trustee, or representative, and to limit the customer data that a participating bank can provide to a third-party financial service provider to only what is necessary for the customer to receive a product or service. The bill requires the participating bank to obtain the customer's express written consent prior to providing access to any customer data under the open banking program. The bill is effective July 1, 2024.

Committee Categories

Business and Industry

Sponsors (6)

Last Action

Assigned Chapter Number 63 (on 03/08/2024)

bill text


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