Date: April 19, 2017
“First-in-the-Nation” Rule promulgated by the New York State Department of Financial Services (DFS) aims to protect consumer data and ensure the safety and soundness of the State’s financial services industry. Regulations became effective March 1, 2017. Affected parties have anywhere from 180 days to two years to comply with the various requirements.
Read the full update to learn who is covered by the Regulation and what is required.
