New York legislation · 2025-2026 General Assembly
New York A10640: Relates to the accessibility of consumer financial data and the prohibition of fees for the transfer of such data to authorized parties
Status: In committee, August 14, 2026
Provides for the accessibility of consumer financial data; prohibits fees for the transfer of such data to authorized parties.
What the bill says
An act to amend the banking law, in relation to the accessibility of consumer financial data and the prohibition of fees for the transfer of such data to authorized parties.
From the amended text, August 14, 2026:
AN ACT to amend the banking law, in relation to the accessibility of consumer financial data and the prohibition of fees for the transfer of such data to authorized parties THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "New York financial data rights act". § 2. The banking law is amended by adding a new article 14-C to read as follows: ARTICLE 14-C CONSUMER AND SMALL BUSINESS FINANCIAL DATA RIGHTS SECTION 800. DEFINITIONS. 801. CONSUMER AND SMALL BUSINESS RIGHT TO DATA PORTABILITY. 802. PROHIBITION OF FEES FOR DATA ACCESS. 803. AUTHORIZED REPRESENTATIVE OBLIGATIONS. 804. SECURITY STANDARDS. 805. ENFORCEMENT AND PENALTIES. § 800. DEFINITIONS. AS USED IN THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1."AUTHORIZED REPRESENTATIVE" MEANS ANY PERSON OR ENTITY, OTHER THAN THE FINANCIAL INSTITUTION HOLDING THE DATA, THAT SEEKS TO ACCESS COVERED DATA WITH THE CONSUMER'S OR SMALL BUSINESS'S CONSENT PURSUANT TO SECTION EIGHT HUNDRED THREE OF THIS ARTICLE. 2. "CONSUMER" MEANS AN INDIVIDUAL WHO RESIDES IN THE STATE OF NEW YORK. 3. "FINANCIAL INSTITUTION" MEANS: (A) A BANKING ORGANIZATION AS DEFINED IN SUBDIVISION ELEVEN OF SECTION TWO OF THIS CHAPTER; (B) ANY OUT-OF-STATE BANK AS DEFINED IN SUBDIVISION TWO OF SECTION …
Sponsors
- Clyde Vanel (D, 33) · primary sponsor
- Yudelka Tapia (D, 86)
- David Weprin (D, 24)
Latest actions
- : PRINT NUMBER 10640A
- : AMEND AND RECOMMIT TO BANKS
- : REFERRED TO BANKS
Subjects: Banking Law
Common questions
- What is A10640?
- A10640 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to the accessibility of consumer financial data and the prohibition of fees for the transfer of such data to authorized parties.
- What does A10640 do?
- In its own words: An act to amend the banking law, in relation to the accessibility of consumer financial data and the prohibition of fees for the transfer of such data to authorized parties.
- What is the status of A10640?
- In committee as of August 14, 2026. Latest action: PRINT NUMBER 10640A (August 14, 2026).
- Who sponsored A10640?
- Clyde Vanel (D, 33), with 2 co-sponsors.
- Where is the official record for A10640?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A10640
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.