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New Jersey’s Data Disclosure Bills

Articles by: gmcgurn@afsamail.org

AFSA’s State Government Affairs team recently sent a comment letter to the New Jersey General Assembly regarding NJ A1971 and S332 on collection and disclosure of personal data by certain entities. In the letter AFSA raises concerns with the existing exemptions in the Driver’s Privacy Protection Act (DPPA) and the Fair Credit Reporting Act (FCRA) being inadequate in safeguarding members’ ability to access data. Making the data more difficult or possibly impossible to access, could result in additional compliance expenses and heightened risk of costly fraud activities.

AFSA makes suggests further clarification of the exception pertaining to FRCA data to ensure optimal access for financial institutions and credit reporting data.

This letter, along with SGA’s other recent letters, can be found on the direct advocacy section of AFSA’s website.

New Jersey’s Data Disclosure Bills
Jan 11, 2024

AFSA’s State Government Affairs team recently sent a comment letter to the New Jersey General Assembly regarding NJ A1971 and S332 on collection and disclosure of personal data by certain entities. In the letter AFSA raises concerns … Read the rest

Massachusetts Proposed Junk Fee Regulations
Jan 11, 2024

AFSA’s State Government Affairs team sent a comment letter to the Massachusetts Office of Attorney General (OAG) on the proposed regulations related to Unfair and Deceptive Fees. In the letter, AFSA highlights concerns with the proposed… Read the rest

The Economic Outlook for 2024: Recession? Probably Not. Vibecession? Definitely.
Jan 11, 2024

AFSA Chief Economist Tim Gill has joined the prestigious The Wall Street Journal’s longstanding Economic Forecasting Survey panel. The panel consists of approximately 75 economists from academia, financial institutions, consulting… Read the rest

Small Business Review Panel Issues Report On FCRA Rulemaking
Jan 11, 2024

This week the Small Business Review Panel issued its “Final Report” on the CFPB’s Fair Credit Reporting Act (FCRA) proposals. This is part of the Consumer Financial Protection Bureau’s rulemaking process. The Small Business Regulatory … Read the rest

New Year, Old Issues
Jan 11, 2024

Welcome back! This week, both the House of Representatives and the Senate are in session following their holiday break. Below are some highlights from the first week back:

The State of the Union Marches On … House Speaker Mike Johnson (R-LA)… Read the rest

January White Paper: 2024 State Legislative Session Preview
Jan 04, 2024

On January 2, AFSA’s State Government Affairs (SGA) team released its latest white paper. This month’s white paper provides a 2024 State Legislative Session preview and 2023 year-in review.

In 2023, California and D.C. addressed … Read the rest

AFSA Suggests Changes to Financial Data Rulemaking
Jan 04, 2024

Last week, in a letter to the Consumer Financial Protection Bureau, AFSA reiterated support for innovation in the financial services industry but cautioned against overly restrictive use limitations. The CFPB’s proposed rulemaking to… Read the rest

CEO Roundtable | 2024 Vehicle Finance Conference & Expo
Jan 03, 2024

Get the insights you need for 2024 and beyond from the industry leaders in the know at the capstone session of AFSA’s Vehicle Finance Conference & Expo: the CEO Roundtable. Be a part of 2024’s best vehicle-finance industry gathering, with… Read the rest

Lies & Loans: What’s on the Vehicle Finance Fraud Horizon?
Dec 21, 2023

From false documents, overstating income and phantom loans to synthetic identities and leveraging stolen data on the Dark Web, vehicle finance fraudsters are adapting and innovating as quickly as the technology and techniques used to trap… Read the rest

AFSA & Trades: CFPB AO Not A-Okay
Dec 20, 2023

Earlier this week AFSA joined the Bank Policy Institute, the Consumer Bankers Association and the U.S. Chamber of Commerce in a letter to the Consumer Financial Protection Bureau (CFPB) raising concerns and requesting clarification on … Read the rest


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