Section 13-1-802 - Open banking authorized; regulation(a) A bank may participate in and provide for open banking.(b) A bank participating in and providing for open banking shall comply with all applicable state and federal laws and regulations including laws and regulations related to the protection and use of customer data. Prior to providing access to any customer data under this section the participating bank shall obtain a customer's express written consent. The participating bank shall limit the accessible customer data to that which is necessary for the customer to receive a product or service from the third-party financial service provider.(c) The commissioner shall adopt rules regulating the collection, use and disclosure of customer data in open banking, consistent with all applicable state and federal laws and regulations.Amended by Laws 2024, ch. 63,§ 2, eff. 7/1/2024.Added by Laws 2023, ch. 87,§ 1, eff. 7/1/2024.This section is set out more than once due to postponed, multiple, or conflicting amendments.