Biden administration aims to make switching banks easier

Dave and Dujanovic

New rules set by The Biden Administration aim to stimulate competition amongst America's banks, making banking institutions work harder for your business. Switching lenders right now can cause quite the headaches, with data transfers being lengthy and complex. The new rules would grant consumers more control over their financial data, simplifying the transfer experience. In a world where more people are likely to get divorced than change banks, could this make a difference? Dave and Debbie discuss, and share their experiences with complicated bank changes.