State Legislation : Rhode Island Enacts New Financial Institutions Cybersecurity Law With Immediate Effect

From a Cooley alert: As the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) scale back rulemaking and enforcement, states are advancing more prescriptive cybersecurity standards for financial institutions, including many that align with the approach and standards set by the New York Department of Financial Services (NYDFS). On July 2, 2025, Rhode…

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