💰 AARP Applauds New Financial Consumer Protections (AARP Article)

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💰 AARP Applauds New Financial Consumer Protections (AARP Article)

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

AARP Applauds New Financial Protections for Consumers.

A federal rule establishes privacy guardrails and puts restrictions on financial institutions.

By Susan Milligan, AARP. Published November 04, 2024.

Consumers should have control over their personal financial data and be free to choose a new bank or other financial service without restrictions.

AARP applauds a recent move by the Consumer Financial Protection Bureau (CFPB) to finalize a rule on October 22 that gives consumers the right to transfer their financial data to another provider for free. That means people can shop around more easily for better interest rates on bank accounts, loans, payment apps and other financial products, CFPB explained in a notice of the final rule.

https://www.aarp.org/politics-society/advocacy/info-2024/consumer-financial-protections.html

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