On March 6, 2024, the New Hampshire Governor signed into law Senate Bill 255 (the “NH Act”), making New Hampshire the 15th state to adopt a comprehensive state privacy law. The NH Act will take effect January 1, 2025. This post explores how the NH Act stacks up against the other comprehensive state privacy

Continue Reading US: New Hampshire Enacts 15th Comprehensive State Privacy Law

On January 16, 2023, the New Jersey Governor signed into law Senate Bill 332 (the “Act”) making New Jersey the 14th state to adopt a comprehensive state privacy law. The Act will take effect on January 15th, 2025, and requires the Division of Consumer Affairs to issue rules and regulations to effectuate

Continue Reading US: New Jersey Enacts Comprehensive State Privacy Law

In 2010, Congress included a provision in the Consumer Financial Protection Act (CFPA) requiring that the Consumer Financial Protection Bureau (CFPB or Bureau) promulgate rules effectuating what is commonly referred to as “Open Banking.”   Specifically, the rules would require any entity that engages in offering or providing a consumer financial product or service to make

Continue Reading US: Open Banking Regulation Arrives in the US

Sweeping Amendments to NYDFS Cybersecurity Regulation

On November 1, 2023, the New York Department of Financial Services (NYDFS) announced extensive amendments to its cybersecurity requirements for financial institutions issued under 23 NYCRR Part 500.  The amendments are intended to address the evolution in the cybersecurity landscape since the regulation was first enacted in 2017, including

Continue Reading US: Regulators Enhance Information Security Requirements for Financial Services Companies