NY State Senate Bill 2017-S6913A

Archive: Last Bill Status - In Senate Committee Banks Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 14, 2018	print number 6913a
Mar 14, 2018	amend and recommit to banks
Jan 03, 2018	referred to banks
Oct 13, 2017	referred to rules

Bill Amendments

Original

A (Active)

2017-S6913 - Details

Current Committee:: Senate Banks
Law Section:: Financial Services Law
Laws Affected:: Add Art 7 §701, Fin Serv L
Versions Introduced in 2019-2020 Legislative Session:: S129

2017-S6913 - Summary

Establishes the credit reporting rights outreach program to educate the public about the rights and obligations of citizens of the state of New York under the federal Equal Credit Opportunity Act; requires an annual report concerning the operation of such program.

2017-S6913 - Sponsor Memo

                                
 
BILL NUMBER: S6913

SPONSOR: CARLUCCI
 
TITLE OF BILL:

An act to amend the financial services law, in relation to a public
education program about the rights of consumers

 
PURPOSE:

Directs DFS to implement a program of public education and outreach
informing the public of their rights under the federal Equal Credit
Opportunity Act.

 
SUMMARY OF PROVISIONS:

Section 1 - Directs DFS to implement a program of public education and
outreach informing the public of their rights under the federal Equal
Credit Opportunity Act.

Section 2 - Effective date.

 
JUSTIFICATION:

Recent headlines have been dominated by a massive data breach that
impacted the largest credit-reporting firm in the United States. This
breach is estimated to have effected 143 million Americans, or 44% of
the population. Millions suddenly found that their birthdates, home
addresses, telephone numbers, and, in some cases, even their social
security numbers and drivers license numbers had been leaked.

The implications of such a large scale and egregious breach of consumer
data security are serious. Millions have been exposed to the possibility
of becoming victims of identity theft. This can lead to ongoing credit
problems and major costs to consumers to remedy the damage done. We must
do more to make sure that data breaches are prevented. But just as
important, is making sure consumers and law enforcement have the tools
available to mitigate damage as soon as a breach occurs. This bill, part
of a larger package that will target consumer data breaches at every
stage, will provide one of those tools.

This bill will require the Department of Financial Services to implement
a program of public education and outreach informing the public of their
rights under the federal Equal Credit Opportunity Act. Though federal
law has preempted the ability to regulate credit reporting at the state
level, we must still do all in our power to educate consumers on how to
use this powerful tool to protect themselves and their families from
identity thieves.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None to the state.

 
EFFECTIVE DATE:
Immediately.

2017-S6913 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6913
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             October 13, 2017
                                ___________
 
 Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the financial services law,  in  relation  to  a  public
   education program about the rights of consumers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The financial services law is amended by adding a new arti-
 cle 7 to read as follows:
                                 ARTICLE 7
                 CREDIT REPORTING RIGHTS OUTREACH PROGRAM
 SECTION 701. CREDIT REPORTING RIGHTS OUTREACH PROGRAM ESTABLISHED.
   § 701.   CREDIT REPORTING RIGHTS  OUTREACH  PROGRAM  ESTABLISHED.  (A)
 THERE  IS  HEREBY  ESTABLISHED  WITHIN THE DEPARTMENT A CREDIT REPORTING
 RIGHTS OUTREACH PROGRAM TO EDUCATE THE PUBLIC ABOUT THE RIGHTS OF  CITI-
 ZENS OF THE STATE OF NEW YORK UNDER THE FEDERAL EQUAL CREDIT OPPORTUNITY
 ACT.
   (B)  THE  SUPERINTENDENT  SHALL SUBMIT ON OR BEFORE DECEMBER FIRST, AN
 ANNUAL REPORT TO THE GOVERNOR AND THE LEGISLATURE CONCERNING THE  OPERA-
 TION  OF THE CREDIT REPORTING RIGHTS PROGRAM. COMMENCING IN TWO THOUSAND
 EIGHTEEN, SUCH REPORTS SHALL INCLUDE THE EXPERIENCE OF  THE  PROGRAM  IN
 PROVIDING  OUTREACH  AND  EDUCATION  TO  THE  PUBLIC ON THE ISSUE OF THE
 RIGHTS OF CITIZENS OF THE STATE OF NEW  YORK  UNDER  THE  FEDERAL  EQUAL
 CREDIT OPPORTUNITY ACT.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13606-01-7

2017-S6913A (ACTIVE) - Details

Current Committee:: Senate Banks
Law Section:: Financial Services Law
Laws Affected:: Add Art 7 §701, Fin Serv L
Versions Introduced in 2019-2020 Legislative Session:: S129

2017-S6913A (ACTIVE) - Summary

2017-S6913A (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S6913A

SPONSOR: CARLUCCI
 
TITLE OF BILL:  An act to amend the financial services law, in
relation to a public education program about the rights of consumers

 
PURPOSE:

Directs DFS to implement a program of public education and outreach
informing the public of their rights under the federal Equal Credit
Opportunity Act.

 
SUMMARY OF PROVISIONS:

Section 1 - Directs DFS to implement a program of public education and
outreach informing the public of their rights under the federal Equal
Credit Opportunity Act.

Section 2 - Effective date.

JUSTIFICATION:

Recent headlines have been dominated by a massive data breach that
impacted the largest credit-reporting firm in the United States. This
breach is estimated to have effected 143 million Americans, or 44% of
the population. Millions suddenly found that their birthdates, home
addresses, telephone numbers, and, in some cases, even their social
security numbers and drivers license numbers had been leaked.

The implications of such a large scale and egregious breach of consumer
data security are serious. Millions have been exposed to the possibility
of becoming victims of identity theft. This can lead to ongoing credit
problems and major costs to consumers to remedy the damage done. We must
do more to make sure that data breaches are prevented. But just as
important, is making sure consumers and law enforcement have the tools
available to mitigate damage as soon as a breach occurs. This bill, part
of a larger package that will target consumer data breaches at every
stage, will provide one of those tools.

This bill will require the Department of Financial Services to implement
a program of public education and outreach informing the public of their
rights under the federal Equal Credit Opportunity Act. Though federal
law has preempted the ability to regulate credit reporting at the state
level, we must still do all in our power to educate consumers on how to
use this powerful tool to protect themselves and their families from
identity thieves.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None to the state.

 
EFFECTIVE DATE:
Immediately.

2017-S6913A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6913--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             October 13, 2017
                                ___________
 
 Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules  --  recommitted  to
   the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee

 AN  ACT  to  amend  the  financial services law, in relation to a public
   education program about the rights of consumers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The financial services law is amended by adding a new arti-
 cle 7 to read as follows:
                                 ARTICLE 7
                 CREDIT REPORTING RIGHTS OUTREACH PROGRAM
 SECTION 701. CREDIT REPORTING RIGHTS OUTREACH PROGRAM ESTABLISHED.
   §  701.    CREDIT  REPORTING  RIGHTS OUTREACH PROGRAM ESTABLISHED. (A)
 THERE IS HEREBY ESTABLISHED WITHIN THE  DEPARTMENT  A  CREDIT  REPORTING
 RIGHTS  OUTREACH PROGRAM TO EDUCATE THE PUBLIC ABOUT THE RIGHTS OF CITI-
 ZENS OF THE STATE OF NEW YORK UNDER THE FEDERAL EQUAL CREDIT OPPORTUNITY
 ACT.
   (B) THE SUPERINTENDENT SHALL SUBMIT ON OR BEFORE DECEMBER  FIRST  NEXT
 SUCCEEDING THE EFFECTIVE DATE OF THIS SECTION AND ANNUALLY THEREAFTER, A
 REPORT  TO  THE GOVERNOR AND THE LEGISLATURE CONCERNING THE OPERATION OF
 THE CREDIT REPORTING RIGHTS PROGRAM. COMMENCING IN THE  YEAR  AFTER  THE
 FIRST YEAR OF SUCH PROGRAM, SUCH REPORTS SHALL INCLUDE THE EXPERIENCE OF
 THE  PROGRAM  IN  PROVIDING  OUTREACH AND EDUCATION TO THE PUBLIC ON THE
 ISSUE OF THE RIGHTS OF CITIZENS OF THE  STATE  OF  NEW  YORK  UNDER  THE
 FEDERAL EQUAL CREDIT OPPORTUNITY ACT.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13606-02-8

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Senate Bill S6913A

Sponsored By

Archive: Last Bill Status - In Senate Committee Banks Committee

Bill Amendments

2017-S6913 - Details

2017-S6913 - Summary

2017-S6913 - Sponsor Memo

2017-S6913 - Bill Text download pdf

2017-S6913A (ACTIVE) - Details

2017-S6913A (ACTIVE) - Summary

2017-S6913A (ACTIVE) - Sponsor Memo

2017-S6913A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S6913A

Share this bill

Sponsored By

David Carlucci

Archive: Last Bill Status - In Senate Committee Banks Committee

Bill Amendments

2017-S6913 - Details

2017-S6913 - Summary

2017-S6913 - Sponsor Memo

2017-S6913 - Bill Text download pdf

2017-S6913A (ACTIVE) - Details

2017-S6913A (ACTIVE) - Summary

2017-S6913A (ACTIVE) - Sponsor Memo

2017-S6913A (ACTIVE) - Bill Text download pdf

Comments