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HB 91

BANKS/BANKING: Provides relative to disclosure of financial records

2025 Regular Session Introduced by Polly Thomas

Louisiana law HB 91 redefines bank disclosure requirements for customer financial records, effective August 1, 2025, affecting privacy protections and institutional compliance obligations.

Signed by the Governor. Becomes Act No. 56.
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Bill Summary · HB 91

Legislative bill overview

HB 91 modifies Louisiana's legal framework governing when and how banks must disclose customer financial records to third parties. The bill, now Act No. 56, establishes new parameters around financial record disclosure requirements that take effect August 1, 2025. The specific disclosure provisions were not detailed in the action summary provided.

Why is this important

Financial record disclosure rules directly affect consumer privacy protections and banks' obligations to protect customer information. Changes to disclosure requirements can impact individuals' financial privacy, law enforcement access to records, and compliance costs for financial institutions. These rules balance legitimate needs for information access (law enforcement, creditors, regulatory bodies) against individual privacy rights.

Potential points of contention

  • Consumer privacy vs. disclosure access: Stakeholders will disagree on whether the bill adequately protects individual privacy or overly restricts legitimate access to financial information by law enforcement, creditors, or other authorized parties
  • Compliance burden on banks: Financial institutions may face increased operational costs if new disclosure procedures create administrative complexity, which could be passed to consumers
  • Scope of "financial records": Ambiguity over which types of account information qualify as disclosable records—ranging from transaction history to account balance to personal identification data—affects practical implementation

Compiled from official sources — confirm details with the bill’s official record.

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