SACRAMENTO, Calif. – The California State Senate last week overwhelmingly approved a data security bill that will require entities that cause a data breach to report it to their customers and to pay costs, such as replacing credit cards, due to the breach. The bill, which now goes back to the Assembly for a vote, would provide notice to consumers, telling them which retailers lost their credit or debit card information and when the information was lost. The bill, passed with strong backing by the California CU League, is similar to other data security measures moving through state legislatures at the prompting of credit unions.
-
The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
September 25 -
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
September 25 -
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
September 25 -
The platform had a lawsuit filed against it by New York officials this week as the latest in a series of cases against prediction markets on the state level.
September 25 -
The Canadian bank's U.S. operations experienced challenges following a large acquisition on the West Coast. But the bank is now making good progress, according to a top BMO executive.
September 25 -
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
September 25










