Summer Regulatory Summit eBook

Nonbank Model Data Security Law https://www.csbs.org/datasecurity

• Leverages the FTC Safeguards Rule

• Alignment ensures a streamlined approach to data security regulations and facilitates smoother implementation for financial institutions • Flexible Adoption Methods • Full Model Law • Alternative Language for conformance with the FTC Safeguards Rule through Law or Regulation • Notification to State Agency Regulator

Prudential Standards for Nonbank Mortgage Servicers Adoption Status 6/26/2024

Strategy 2, Measure 2 Prudential Standards • 7 states by 12/31/2023 • 15 states by 12/31/2024 • 25 states by 12/31/2025

Enacted

7

Enacted Partial 2 2024 In Progress 11 2025 In Progress 6 Other 24 Comparable Stds 1

Action Owner: Kevin Byers (kbyers@csbs.org)

Member Sponsor: Charlie Clark