Financial Institutions - Security Questions and Measures
Sponsor: Courtney Watson (District 9B)Committee: Economic MattersSubject: Financial InstitutionsStatus: First Reading Finance (as of Nov 6, 2020)
What this bill does
Official synopsis
Requiring a financial institution that requires a customer to provide an answer to a security question for a certain purpose to allow a customer to choose from at least two security question options for each required security question; prohibiting a financial institution from using a customer's mother's maiden name as a means of safeguarding access to the customer's account; and applying the Act prospectively.
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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (11)
MGA witness listFAV 5FavorableFWA 6Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | MACK, LINDA | GLOBAL INVESTIGATIVE SERVICES | Written (PDF) |
| FAV | MURPHY, KATHLEEN | MARYLAND BANKERS ASSOC | Oral + Written (PDF) |
| FAV | SCARR, EMILYlobbyist | MD PIRG | Written (PDF) |
| FAV | ANONYMOUS, CHRISTOPHER | Individual | Position only |
| FAV | Delegate Watson, C., Delegate Watson, C.legislator | Individual | Oral + Written (PDF) |
| FWA | DiPietro, Chris | Consumer Data Industry Association | Oral |
| FWA | Enten, Bob | MBA | Oral + Written (PDF) |
| FWA | Lehman, Mindy | MBA | Position only |
| FWA | Murphy, Kathleen | MBA | Position only |
| FWA | BRATSAKIS, JOHN | MD/DC CREDIT UNION | Written (PDF) |
| FWA | Swanson, Tricia | Montgomery County Chamber of Commerce | Written (PDF) |