Oregon Gov. Kate Brown has signed a bill that requires vendors, service providers, and other third parties that store consumer data to notify consumers if a security breach occurs. The language stipulates that covered entities make such notifications “as soon as is practicable but not later than 10 days” after a suspected or confirmed security breach. The Oregon Consumer Information Protection Act takes effect on Jan. 1, 2020.
Similar Posts
Fed Raises Interest Rates, Sets Stage for Two More Increases in 2018
Federal Reserve officials hinted yesterday that they might step up the pace of interest-rate hikes…
Most Consumers Overestimate What It Takes to Get a Mortgage
A recent Fannie Mae survey finds most consumers believe that obtaining a mortgage requires a…
Prepaid Card Users Get Protection Guarantee
A Consumer Financial Protection Bureau mandate kicked in this week, compelling prepaid card issuers to…
3 straight months of highest-ever used-car prices
Following an 11-week “summer bounce” in Manheim Market Report prices, September ended up being the…
Older Americans Had a 40-Point Drop in Their Credit Score in the 10 Years Since the Great Recession
A decade after the housing market collapsed, some borrowers’ credit scores still have not recovered….
Consumers Lack Confidence in the Car Buying Process, Study Finds
As car buyers start their search for year-end deals, Capital One Auto Finance has released a study…