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What Pending Data Protection & Privacy Bills Would Affect My Bank If Enacted?

According to the Financial Brand,
Several bills are pending including New York (S5642), Massachusetts (S-120), Maryland (SB613), Hawaii (SB418) and South Dakota (HB1485).
Some of these regulations are more stringent than CCPA. For example, the Massachusetts Data Privacy Law states its residents do not need to suffer a loss to bring a civil action (up to $750 per violation per customer). The New York Privacy Act applies to all business without a revenue threshold, such as that of CCPA ($25M).
At the federal level, some bi-partisan headway was made earlier this year to enact a new federal law to protect online privacy. But as other contentious partisan issues confronted lawmakers, the momentum fizzled.

To learn more, attend this webinar!

Christina Luttrell, 3 Steps Banks & Credit Unions Should Take as Data Privacy Gets Hotter, Financial Brand (Nov. 7, 2019),
Learn more about Carly Souther and Elba Manzanilla webinar Data Protection and Privacy for Community Bankers

First published on 12/29/2019

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