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
Millennials Not So Keen About Credit Cards
People age 29 and younger are 93 percent more likely to have a negative opinion…
Turn the Post Office Into a Bank? First Check Japan
Legislative efforts to turn the U.S. Postal Service into a bank to provide cheap financial…
Why Auto Loans Look Like Low-Hanging Fruit to Identity Thieves
Equifax’s Ken Allen warns that “synthetic” fraud is a mounting problem for auto lenders. “The…
Loans Get Cheaper for Some
Borrowing costs have trended lower for some U.S. consumers in recent months, especially home buyers….
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…
Senate Looks to Fix ‘Broken’ Credit Reporting System
The Senate Committee on Banking, Housing and Urban Affairs held a hearing yesterday on the…