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Introduction - On February 21, 2024, the Bank of Canada (BOC) released draft supervisory guidelines (Guidelines) on the Retail Payments Activities Act (RPAA), providing...
On July 29, 2022, the New York Department of Financial Services ("NYDFS") released Draft Amendments to its Part 500 Cybersecurity Rules. We provided our initial thoughts on the Draft Amendments...
On July 29, 2022, the New York Department of Financial Services ("NYDFS") released Draft Amendments to its Part 500 Cybersecurity Rules, which include a mandatory 24-hour...
consumers or households. The CPRA also clarifies that the revenue threshold of $25 million applies to revenue from the “preceding calendar year.” § 1798.140(d)(1)(A) and (B). Restriction on Legislature to Amend: Finally, in response to critics who alleged that the original CCPA became “watered down” by the legislative process, the CPRA limits the power of the state legislature to change the law. The California Legislature may only pass amendments to the statute that “are consistent with and further [its] purpose and intent.” CPRA Section 25. Tasks for 2021 Updating Links and P...