H.R. 6777, referred to as the "Protecting Against Paperless and Electronic Requirements Act" or the "PAPER Act," aims to ensure that consumers have the choice to receive paper copies of their monthly statements instead of being forced to accept only digital versions. The bill...
Simple Explanation
The PAPER Act is a bill that wants to let people choose whether they get their bank or credit union statements printed on paper or just sent online. This means banks and credit unions can't make you go digital if you still want paper statements.