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
Commentary: Revisiting Small Loans Rules Crucial to Maintaining Access to Credit for Vulnerable Consumers
In considering reforms to the small-dollar loan industry, lawmakers must tread carefully to avoid limiting…
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…
Americans Find Satisfaction in All Aspects of Life, Except their Paychecks
This week marked the 80th birthday of Mick Jagger. A lot has changed since this…
Small Mortgages Are Getting Harder to Come By
Attom Data Solutions reports that small mortgages are becoming scarcer for low- and middle-income homebuyers….
Robo-Calls Are Getting Worse
Robocall volume has reached a frenzied pace, even as the Federal Communications Commission explores how…
Scamming Grandma: Financial Abuse of Seniors Hits Record
U.S. banks reported a record 24,454 suspected cases of elder financial abuse to the Treasury…