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NY DFS Releases Revised Proposed Second Amendment of its Cybersecurity Regulation

July 13, 2023 By Kimberly Peretti, Kate Hanniford, Ashley Miller and Lance Taubin

The New York Department of Financial Services (“NY DFS”) published an updated proposed Second Amendment to its Cybersecurity Regulation (23 NYCRR Part 500) in the New York State Register on June 28, 2023, updating its previous proposed Second Amendment, which was published November 9, 2022. While the language proposed is largely similar to the previous […]

Filed Under: Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #New York, #NYDFS, #Privacy, Cybersecurity, data breach

CSBS Releases Cybersecurity Programs to Help Nonbank Financial Services Institutions Improve Cybersecurity Posture

October 4, 2022 By Lance Taubin, Kimberly Peretti, Nanci Weissgold and Consumer Finance Team

A&B ABstract On August 9, 2022, the Conference of State Bank Supervisors (CSBS) released two cybersecurity tools for nonbank financial services institutions to help them prepare for state cybersecurity examinations and, ultimately, improve cybersecurity maturity and protect financial institution infrastructure. These tools are designed to address key aspects of the Uniform Rating System for Information […]

Filed Under: Federal Trade Commission (FTC), Online Privacy, Privacy and Cybersecurity, State Law Tagged With: CSBS, Cybersecurity

NYDFS Reports Major Cybersecurity Settlement

March 11, 2021 By James Harvey and Consumer Finance Team

In early March, the New York Department of Financial Services (NYDFS) announced a settlement involving a $1.5M penalty and mandatory remediation in response to a mortgage lender’s alleged failure to report a cyber breach, and other alleged cybersecurity failures. This enforcement action marks the second public enforcement action under 23 NYCRR Part 500 (the “Cybersecurity Regulation”) (see […]

Filed Under: Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #NYDFS, Cybersecurity

New Virginia Privacy Law Promises Big Impacts

March 3, 2021 By Dorian Simmons and Consumer Finance Team

Virginia became the second state after California to pass a comprehensive privacy law when the governor signed the Consumer Data Protection Act, which contains many elements found in the California Consumer Privacy Act and other proposed privacy frameworks, as well as a number of new requirements for businesses. In a client advisory, our Privacy, Cyber […]

Filed Under: Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #consumerdataprotectionact

California Department of Justice Releases Post-Finalization Modifications to CCPA Regulations

October 13, 2020 By Dan Felz

On October 12, 2020, the California Department of Justice (“Department”) released its first set of proposed post-finalization modifications to the California Consumer Privacy Act Regulations (the “CCPA Regulations”). As many businesses know, the CCPA Regulations were finalized on August 14, 2020.  The Department styled these new modifications as a “Third Set of Proposed Modifications” to […]

Filed Under: California, Online Privacy, Privacy and Cybersecurity, State Law Tagged With: #CCPA

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  • Consumer Finance State Roundup
  • Oh Snap! CFPB Sues Fintech Company under CFPA and TILA
  • Consumer Finance State Roundup
  • NY DFS Releases Revised Proposed Second Amendment of its Cybersecurity Regulation
  • Georgia, Florida, Connecticut Enact Commercial Financial Disclosure Laws
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