Bill

Bill > HR1457


US HR1457

US HR1457
MOBILE Act of 2017 Making Online Banking Initiation Legal and Easy Act of 2017


summary

Introduced
03/09/2017
In Committee
12/13/2017
Crossed Over
01/30/2018
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

MOBILE Act of 2017 Making Online Banking Initiation Legal and Easy Act of 2017 (Sec. 1) This bill authorizes a financial institution to record personal information from a scan, copy, or image of an individual's driver's license or personal identification card and store the information electronically when an individual initiates an online request to open an account or obtain a financial product. The financial institution may use the information for the purpose of verifying the authenticity of the driver's license or identification card, verifying the identity of the individual, or complying with legal requirements. The financial institution must delete any copy or image of an individual's driver's license or personal identification card after use.

AI Summary

This bill, the MOBILE Act of 2017 Making Online Banking Initiation Legal and Easy Act of 2017, authorizes financial institutions to record and store personal information from a scan, copy, or image of an individual's driver's license or personal identification card when the individual initiates an online request to open an account or obtain a financial product. The financial institution may use this information to verify the authenticity of the ID and the individual's identity, as well as to comply with legal requirements. The financial institution must delete any copies or images of the ID after use. The bill preempts any conflicting state laws, but does not affect state or federal laws governing the disclosure and security of personal information by financial institutions.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (31)

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/30/2018)

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