TL;DR: The CFPB's new rule simplifies switching banks by allowing third parties to access consumer financial data, potentially saving Americans $677 million annually. Despite pushback from banks citing fraud concerns, this rule aims to boost competition and empower consumers in managing their finances. https://www.eff.org/deeplinks/2024/10/no-matter-what-bank-says-its-your-money-your-data-and-your-choice #law #tech #legaltech ⚖️ 🤖 #autosum