senate Bill S760

2013-2014 Legislative Session

Prohibits issuers of credit cards and debit cards from knowingly accepting or soliciting financial information of a cardholder from a third-party

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 21, 2013 committed to rules
Mar 04, 2013 advanced to third reading
Feb 28, 2013 2nd report cal.
Feb 27, 2013 1st report cal.105
Jan 09, 2013 referred to consumer protection

Votes

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Feb 27, 2013 - Consumer Protection committee Vote

S760
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Consumer Protection committee vote details

Consumer Protection Committee Vote: Feb 27, 2013

Co-Sponsors

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S760 - Details

See Assembly Version of this Bill:
A3991
Current Committee:
Law Section:
General Business Law
Laws Affected:
Add ยง518-b, Gen Bus L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S5061, A5175
2009-2010: A8485
2013-2014: S6280, S760

S760 - Summary

Establishes issuers of credit cards and debit cards are prohibited from knowingly accepting or soliciting personal financial information of a cardholder from a third-party; establishes a civil penalty not to exceed two thousand dollars for each violation of this section.

S760 - Sponsor Memo

S760 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   760

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  FUSCHILLO, MAZIARZ, RANZENHOFER -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Consumer Protection

AN  ACT  to  amend  the general business law, in relation to prohibiting
  issuers from accepting personal financial information of holders  from
  a third-party

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The general business law is amended by adding a new section
518-b to read as follows:
  S 518-B. PROHIBITED CREDIT CARD USER INFORMATION REQUESTS. 1.  ISSUERS
OF  CREDIT CARDS AND DEBIT CARDS ARE PROHIBITED FROM KNOWINGLY ACCEPTING
OR SOLICITING THE PERSONAL FINANCIAL INFORMATION  OF  A  HOLDER  FROM  A
THIRD-PARTY.  PROVIDED, HOWEVER, THAT NO PROVISION OF THIS SECTION SHALL
BE DEEMED TO PROHIBIT AN ISSUER OF A CREDIT  CARD  OR  DEBIT  CARD  FROM
ACCEPTING  OR  SOLICITING  FROM  A  BANKING  ORGANIZATION, AS DEFINED IN
SECTION TWO OF THE BANKING LAW, THE PERSONAL INFORMATION OF A HOLDER FOR
THE PURPOSE OF VERIFYING THE IDENTITY OF SUCH HOLDER AND PREVENT IMPROP-
ER OR UNAUTHORIZED USE.
  2. A VIOLATION OF THE PROVISIONS OF THIS SECTION BY AN ISSUER SHALL BE
PUNISHABLE BY A CIVIL PENALTY NOT TO EXCEED  TWO  THOUSAND  DOLLARS  FOR
EACH SUCH VIOLATION.
  S  2.  This  act  shall  take  effect  on  the first of September next
succeeding the date on which it shall have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01400-01-3

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