|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 03, 2018||referred to consumer protection|
|Jun 21, 2017||committed to rules|
|Mar 13, 2017||advanced to third reading|
|Mar 08, 2017||2nd report cal.|
|Mar 07, 2017||1st report cal.359|
|Feb 02, 2017||referred to consumer protection|
senate Bill S4056
Archive: Last Bill Status - In Senate Committee Consumer Protection Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4056 (ACTIVE) - Details
S4056 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4056 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.
S4056 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4056 2017-2018 Regular Sessions I N S E N A T E February 2, 2017 ___________ Introduced by Sen. CARLUCCI -- 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 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: § 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. § 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; (C) IN ORDER TO MAINTAIN OR SERVICE THE CONSUMER'S ACCOUNT HELD BY THE ISSUER OF THE CREDIT OR DEBIT CARD; OR (D) TO PROTECT AGAINST OR PREVENT ACTUAL OR POTENTIAL FRAUD, UNAUTHOR- IZED TRANSACTIONS, CLAIMS, OR OTHER LIABILITY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09609-01-7
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