Consumer Headlines: Switching banks, Target prices lowering, and Walmart Rx deliveries ...Middle East

ROCHESTER, N.Y. — A new rule announced Tuesday by the Consumer Financial Protection Bureau (CFPB) will make it much easier for consumers to switch banks. The new rule requires banks to transfer your financial information to a competitor free of charge. That transfer must include your banking history including information about your transactions, account balance, and upcoming bills. The CFPB says giving consumers choice will improve competition and ultimately lower prices. Banks oppose the rule, saying this move toward open banking will put consumer data at risk. A Bankrate study indicates we keep the same checking account for 17 years on average. In other consumer news, Target announced it

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