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NY A05175

Bill

Official Source

Status

Introduced

2/14/2011

Primary Sponsor

Peter Rivera

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Prohibits credit card and debit card issuers from knowingly accepting or soliciting personal financial information of cardholders from third parties
  • Excludes banking organizations from the prohibition when they provide cardholder information for identity verification and fraud prevention purposes
  • Establishes a civil penalty of up to $2,000 for each violation by an issuer
  • Takes effect September 1 following enactment of the law

Legislative Description

Establishes issuers of credit cards and debit cards are prohibited from knowingly accepting or soliciting personal financial information of a cardholder from a third-party; establishes a civil penalty not to exceed two thousand dollars for each violation of this section.

Last Action

enacting clause stricken

9/4/2012

Committee Referrals

Consumer Affairs and Protection2/14/2011

Full Bill Text

No bill text available