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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3