HARRISBURG, Pa. - (01/06/06) Governor Edward Rendell signedinto law tough new requirements on identity theft notification. TheBreach of Personal Information Notification Act saysa state agency, political subdivision, individual or business thatoperates in Pennsylvania and maintains, stores or manages personalconsumer information on computer, must notify people if theirsecurity systems are breached. Personal information is defined asan individual's name; social security number; driver's license, orstate-issued I.D., number; or a financial account number.Notification of the breach may be made in writing, by telephone,via email, or by a combination of email, posting on the entity'swebsite, or notification to statewide media where the cost ofproviding notice is in excess of $100,000 and would affect at least175,000 people. Notification may be delayed if a law enforcementagency decides it will impede their investigation. Also, when anentity provides notification to more than 1,000 people at once, thebill provides that national consumer credit reporting agencies willalso be notified.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





