On March 8, the Wyoming governor signed
HB 145 (the “Act”) related to open banking, making two changes. First, the amendment updated the definition of a “customer” as a natural person or an agent, trustee, or representative acting on behalf of a natural person. Second, and for banks already participating in open banking, the Act limited the release of consumer data to third-party financial service providers to data that is only necessary for the consumer to receive the third-party product or service. The Act will go into effect on July 1.