NY State Senate Bill 2017-S6914A

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 6914a
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-S6914 - 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:: S134

2017-S6914 - Summary

Establishes the consumer credit rights and responsibilities outreach program to educate the public about the rights and obligations of citizens of the state of New York with regard to credit services and reporting; requires an annual report concerning the operation of such program.

2017-S6914 - Sponsor Memo

                                
 
BILL NUMBER: S6914

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 public education and outreach program about
the rights of consumers over their credit information.

 
SUMMARY OF PROVISIONS:

Section 1 - Directs DFS to implement a public education and outreach
program about the rights of consumers over their credit information.

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 public education and outreach program about the rights of consumers
over their credit information. This program will cover areas such as
credit freezes, credit monitoring, credit reports, notification rights,
and the definition of private information under state law, among other
things.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None to the state.

 
EFFECTIVE DATE:
Immediately.

2017-S6914 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6914
 
                        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
       CONSUMER CREDIT RIGHTS AND RESPONSIBILITIES OUTREACH PROGRAM
 SECTION 701. CONSUMER  CREDIT  RIGHTS  AND   RESPONSIBILITIES   OUTREACH
                PROGRAM ESTABLISHED.
   §  701.  CONSUMER  CREDIT RIGHTS AND RESPONSIBILITIES OUTREACH PROGRAM
 ESTABLISHED. 1.  THERE IS HEREBY ESTABLISHED  WITHIN  THE  DEPARTMENT  A
 CONSUMER  CREDIT RIGHTS AND RESPONSIBILITIES OUTREACH PROGRAM TO EDUCATE
 THE PUBLIC ABOUT THE RIGHTS AND OBLIGATIONS OF CITIZENS OF THE STATE  OF
 NEW  YORK WITH REGARD TO CREDIT SERVICES AND REPORTING, INCLUDING INFOR-
 MATION SUCH AS, BUT NOT LIMITED TO, (A) CREDIT FREEZES; (B) CREDIT MONI-
 TORING SERVICES; (C) CREDIT REPORTING; (D) THE CONTENTS OF AND ACCESS TO
 CREDIT SCORES; (E) THE DEFINITION OF PRIVATE INFORMATION AS  DEFINED  IN
 SECTION  EIGHT  HUNDRED  NINETY-NINE-AA OF THE GENERAL BUSINESS LAW; (F)
 NOTIFICATION REQUIREMENTS UNDER SECTION EIGHT HUNDRED NINETY-NINE-AA  OF
 THE  GENERAL  BUSINESS  LAW;  (G)  MITIGATING THE EFFECTS OF A BREACH OF
 PRIVATE INFORMATION; AND (H) THE RIGHTS OF CONSUMERS OVER THEIR PERSONAL
 INFORMATION AS IT IS RELATED TO THIRD PARTIES.
   2. THE SUPERINTENDENT SHALL SUBMIT ON OR  BEFORE  DECEMBER  FIRST,  AN
 ANNUAL  REPORT TO THE GOVERNOR AND THE LEGISLATURE CONCERNING THE OPERA-
 TION  OF  THE  CONSUMER  CREDIT  RIGHTS  AND  RESPONSIBILITIES  OUTREACH
 PROGRAM. COMMENCING IN TWO THOUSAND EIGHTEEN, SUCH REPORTS SHALL INCLUDE
 THE EXPERIENCE OF THE PROGRAM IN PROVIDING OUTREACH AND EDUCATION TO THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13607-01-7

 S. 6914                             2
 
 PUBLIC ON THE ISSUE OF THE RIGHTS AND OBLIGATIONS OF THE CITIZENS OF THE
 STATE OF NEW YORK WITH REGARD TO CREDIT SERVICES AND REPORTING.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.

2017-S6914A (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:: S134

2017-S6914A (ACTIVE) - Summary

2017-S6914A (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S6914A

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 public education and outreach program about
the rights of consumers over their credit information.

 
SUMMARY OF PROVISIONS:

Section 1 - Directs DFS to implement a public education and outreach
program about the rights of consumers over their credit information.

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 public education and outreach program about the rights of consumers
over their credit information. This program will cover areas such as
credit freezes, credit monitoring, credit reports, notification rights,
and the definition of private information under state law, among other
things.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None to the state.

 
EFFECTIVE DATE:
Immediately.

2017-S6914A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6914--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
       CONSUMER CREDIT RIGHTS AND RESPONSIBILITIES OUTREACH PROGRAM
 SECTION 701. CONSUMER   CREDIT   RIGHTS  AND  RESPONSIBILITIES  OUTREACH
                PROGRAM ESTABLISHED.
   § 701. CONSUMER CREDIT RIGHTS AND  RESPONSIBILITIES  OUTREACH  PROGRAM
 ESTABLISHED.  1.    THERE  IS HEREBY ESTABLISHED WITHIN THE DEPARTMENT A
 CONSUMER CREDIT RIGHTS AND RESPONSIBILITIES OUTREACH PROGRAM TO  EDUCATE
 THE  PUBLIC ABOUT THE RIGHTS AND OBLIGATIONS OF CITIZENS OF THE STATE OF
 NEW YORK WITH REGARD TO CREDIT SERVICES AND REPORTING, INCLUDING  INFOR-
 MATION SUCH AS, BUT NOT LIMITED TO, (A) CREDIT FREEZES; (B) CREDIT MONI-
 TORING SERVICES; (C) CREDIT REPORTING; (D) THE CONTENTS OF AND ACCESS TO
 CREDIT  SCORES;  (E) THE DEFINITION OF PRIVATE INFORMATION AS DEFINED IN
 SECTION EIGHT HUNDRED NINETY-NINE-AA OF THE GENERAL  BUSINESS  LAW;  (F)
 NOTIFICATION  REQUIREMENTS UNDER SECTION EIGHT HUNDRED NINETY-NINE-AA OF
 THE GENERAL BUSINESS LAW; (G) MITIGATING THE  EFFECTS  OF  A  BREACH  OF
 PRIVATE INFORMATION; AND (H) THE RIGHTS OF CONSUMERS OVER THEIR PERSONAL
 INFORMATION AS IT IS RELATED TO THIRD PARTIES.
   2.  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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD13607-02-8

 S. 6914--A                          2
 
 THE  CONSUMER  CREDIT  RIGHTS  AND  RESPONSIBILITIES  OUTREACH  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 AND
 OBLIGATIONS OF THE CITIZENS OF THE STATE OF  NEW  YORK  WITH  REGARD  TO
 CREDIT SERVICES AND REPORTING.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.

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Senate Bill S6914A

Sponsored By

Archive: Last Bill Status - In Senate Committee Banks Committee

Bill Amendments

2017-S6914 - Details

2017-S6914 - Summary

2017-S6914 - Sponsor Memo

2017-S6914 - Bill Text download pdf

2017-S6914A (ACTIVE) - Details

2017-S6914A (ACTIVE) - Summary

2017-S6914A (ACTIVE) - Sponsor Memo

2017-S6914A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S6914A

Share this bill

Sponsored By

David Carlucci

Archive: Last Bill Status - In Senate Committee Banks Committee

Bill Amendments

2017-S6914 - Details

2017-S6914 - Summary

2017-S6914 - Sponsor Memo

2017-S6914 - Bill Text download pdf

2017-S6914A (ACTIVE) - Details

2017-S6914A (ACTIVE) - Summary

2017-S6914A (ACTIVE) - Sponsor Memo

2017-S6914A (ACTIVE) - Bill Text download pdf

Comments