Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jun 17, 2016 | committed to rules |
May 10, 2016 | amended on third reading (t) 4778a |
May 04, 2016 | advanced to third reading |
May 03, 2016 | 2nd report cal. |
Apr 12, 2016 | 1st report cal.604 |
Jan 06, 2016 | referred to consumer protection |
Jun 25, 2015 | committed to rules |
Jun 02, 2015 | advanced to third reading |
Jun 01, 2015 | 2nd report cal. |
May 28, 2015 | 1st report cal.1035 |
Apr 15, 2015 | referred to consumer protection |
senate Bill S4778A
Sponsored By
Michael Venditto
(R, C, IP) 0 Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Bill Amendments
S4778 - Details
S4778 - Sponsor Memo
BILL NUMBER:S4778 TITLE OF BILL: An act to amend the general business law, in relation to prohibiting issuers from accepting personal financial information of holders from a third-party PURPOSE: This bill would prohibit card issuers from knowingly accepting or soliciting personal financial information about a cardholder from a person other than the card holder. SUMMARY OF PROVISIONS: This bill would add a new Section 518-b to the General Business Law, which would prohibit issuers of credit cards and debit cards from knowingly accepting or soliciting the personal information of a holder from a person other than the card holder. A violation of these provisions would be punishable by a civil penalty not to exceed two thousand dollars for each such violation. EXISTING LAW: None. JUSTIFICATION: Third-parties should not be permitted to give personal information about a credit or debit cardholder to the issuer of the card. The cardholder is ultimately responsible for the use of the card, and their credit history is effected by any use of or changes to the account. Any errors in the information provided by a third-party might be recorded on a consumer credit report, where even providing a different street address can affect a consumer's credit history.
S4778 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4778 2015-2016 Regular Sessions I N S E N A T E April 15, 2015 ___________ Introduced by Sen. VENDITTO -- 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. LBD10403-01-5
S4778A (ACTIVE) - Details
S4778A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4778A TITLE OF BILL : An act to amend the general business law, in relation to prohibiting issuers from accepting nonpublic personal information of holders from a third-party PURPOSE : This bill would prohibit card issuers from accepting or soliciting nonpublic personal information about a cardholder from a person other than the card holder. SUMMARY OF PROVISIONS : Section one of this bill adds a new Section 518-b to the General Business Law, which would prohibit issuers of credit cards and debit cards from accepting or soliciting the nonpublic personal information of a cardholder from a person other than the card holder, while allowing for the transmission of this information between these companies to facilitate services authorized by the cardholder. A violation of these provisions would be punishable by a civil penalty not to exceed two thousand dollars for each such violation. Section two of the bill provides that the bill takes effect on the first of September next succeeding the date on which this bill becomes law.
S4778A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4778--A Cal. No. 604 2015-2016 Regular Sessions I N S E N A T E April 15, 2015 ___________ Introduced by Sen. VENDITTO -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- recommitted to the Committee on Consumer Protection in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the general business law, in relation to prohibiting issuers from accepting nonpublic personal 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 ACCEPTING OR SOLIC- ITING THE NONPUBLIC PERSONAL 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 NONPUBLIC PERSONAL INFORMATION OF A HOLDER FOR THE PURPOSE OF VERIFYING THE IDENTITY OF SUCH HOLDER AND PREVENTING IMPROPER OR UNAUTHORIZED USE. 2. NONPUBLIC PERSONAL INFORMATION SHALL HAVE THE SAME MEANING AS IN 15 U.S.C. S 6809(4). 3. THIS SECTION SHALL NOT PROHIBIT THE DISCLOSURE OF NONPUBLIC PERSONAL INFORMATION TO A THIRD PARTY: (A) AS NECESSARY TO EFFECT, ADMINISTER, OR ENFORCE A TRANSACTION REQUESTED OR AUTHORIZED BY THE CONSUMER; (B) IN ORDER TO SERVICE OR PROCESS A FINANCIAL PRODUCT OR SERVICE REQUESTED OR AUTHORIZED BY THE CONSUMER; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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