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NY S04413
Bill
Status
2/4/2025
Primary Sponsor
Rachel May
Click for details
AI Summary
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Requires businesses to delete all consumer financial information (credit cards, debit cards, third-party account details) within 14 days when a consumer cancels an automatic renewal or continuous service subscription
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Allows businesses to retain financial information only if they obtain the consumer's affirmative consent to keep it for future purchases
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Mandates businesses notify consumers by mail or email within 7 days of deletion, specifying the deletion date and which payment methods were removed from their records
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Exempts businesses from the deletion requirement when state or federal law requires them to retain consumer financial information
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Takes effect 30 days after becoming law, with immediate authorization for agencies to develop implementing regulations
Legislative Description
Requires a business to delete a consumer's financial information after cancellation of an automatic renewal or continuous service, unless such consumer has affirmatively consented to retention of such financial information; requires such business to notify such consumer of such deletion.
Last Action
REFERRED TO CONSUMER PROTECTION
1/7/2026