A data security company settled claims brought by a multistate coalition of Attorneys General for failing to disclose theft of customer data resulting from a cyberattack.
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The CFPB asserted that restrictions imposed by dominant operating systems on point-of-sale payment methods may have an "outsized effect" and hurt the development of a "truly open ecosystem."
The Managed Funds Association warned that the SEC's proposed cybersecurity rules may cause the "unintended consequence of diverting advisers' resources during a critical window following discovery of an attack."
The CFPB extended the comment deadline on a request for information on (i) the business practices of data brokers and (ii) the collection and sale of consumer information. The new comment deadline is July 15, 2023.
SIFMA, the Bank Policy Institute, the Institute of International Bankers and the American Bankers Association urged the SEC to revise its proposals on cybersecurity related regulations, emphasizing the need for clear guidance across government agencies and collaboration with the securities industry.