To establish requirements for use of a driver's license or personal identification card by certain financial institutions for opening an account or obtaining a financial product or service, and for other purposes.
Making Online Banking Initiation Legal and Easy Act of 2016 or the MOBILE Act of 2016
This bill authorizes a financial institution, with an individual's consent, to record personal information from a swipe or copy of an individual's driver's license or personal identification card and store the information electronically 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.
Financial institutions must not sell, rent, transfer, or make the personal information available to another person, other than an affiliate.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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