H.R. 1457 · 115th Congress
Making Online Banking Initiation Legal and Easy Act of 2017
- Stage
- Passed a chamber
- Sponsor
- Scott Tipton
- Introduced
- 2017-03-09
- Latest action
- 2018-01-30 · Motion to reconsider laid on the table Agreed to without objection.
Summary
(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.