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Switching banks will be as easy as switching mobile phone carriers - just a few clicks and a few minutes' work to get your old number working on a phone with a new provider.

This will save Americans *at least* $677 million, *every year*. Which is to say, it will *cost the banks* at least $670 million every year.

Naturally, America's largest banks are suing to block the rule:

https://www.americanbanker.com/news/cfpbs-open-banking-rule-faces-suit-from-bank-policy-institute

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