Protecting the personal information of consumers who use financial services applications on their mobile or internet-connected devices.

HB 2380 requires financial institutions offering mobile or internet banking apps to clearly disclose how they collect, store, or share consumer personal information - beyond what's necessary for essential services - and gives users the right to opt out of non-essential data collection or sharing with third parties. It directly affects consumers using banking apps and the financial institutions providing them, mandating transparent notices about data practices before users access services. Key provisions include requiring opt-out options for non-essential data use (like marketing or third-party sharing) and exempting data collection strictly needed for core banking functions. Violations are treated as unfair trade practices under Washington's consumer protection law, with potential damages of $7,500 per violation. The bill focuses on concrete disclosure and user control, not on speculative outcomes.