House Passes Online Banking Bill

Posted January 30, 2018

The House passed a bill that would require states to allow consumers to open bank accounts online with scanned copies of their driver's licenses or other identification. H.R. 1457, “The Mobile Act,” makes it easier for banks to implement new mobile technologies by clarifying that institutions may utilize images of a consumer’s drivers license or government-issued ID to open an account. The bill has broad, bipartisan support. The bill has yet to be voted on in the Senate but similar language is contained in the bi-partisan bill, S.2155, that is expected to advance through the Senate in 2018.

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