New York DFS to Impose Climate Change Safety and Soundness Expectations on Mortgage Lenders, Servicers, and other Regulated Organizations

On October 18, 2022, EyeMed Vision Care LLC (“EyeMed”) entered into a Consent Order with the New York Department of Financial Services (“DFS”) relating to a cybersecurity event from 2020 that exposed consumer nonpublic information (“NPI”) to an unauthorized individual. EyeMed agreed to pay DFS a $4.5 million penalty, in addition to implementing mandatory remediation […]

The post NYDFS Announces Significant Cybersecurity Settlement with EyeMed Vision Care appeared first on Alston & Bird Privacy, Cyber & Data Strategy Blog.

New York’s amended mortgage loan servicer regulations are a substantial departure from previous versions and could go beyond federal rules. Our Financial Services & Products Group delves into technicalities and ramifications of the new Part 419, New York’s Mortgage Loan Servicer Business Conduct Rules.

Keep up with what’s happening in privacy, data security, and all things cyber – from rulemaking for the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) to the EU’s new AI Act – from our Privacy, Cyber & Data Strategy Group.

Our Privacy, Cyber & Data Strategy Group analyzes important guidance from the NYDFS on how insurers use external consumer data and information sources and artificial intelligence systems.

As we reflect on the previous year and look toward the new year, we thought you’d appreciate our top 20 most-read Consumer Finance ABstract posts from 2023...