ABA today wrote to Rep. Scott Tipton (R-Colo.) supporting a bipartisan bill that would allow banks — with a customer’s consent — to record personal information by swiping a customer’s driver’s license or personal identification card. Information could then be stored digitally by the bank and used to facilitate account openings or the addition of new products or services. The association noted that the bill, which is also co-sponsored by Rep. Terri Sewell (D-Ala.) and Rep. Randy Hultgren (R-Ill.), could help expand access to banking services for underbanked populations.
NAR: Existing home sales fell in October
Existing home sales decreased 5.5% to a seasonally adjusted annual rate of 3.75 million in October, according to the National Association of Realtors. The median existing home sales price increased 0.4% to $416,700.








