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SB 160

Did not advanceCrossfile HB 274
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Financial Institutions - Security Questions and Measures

Sponsor: Cheryl C. Kagan (District 17)Committee: FinanceSubject: Financial InstitutionsStatus: Hearing 2/04 at 1:00 p.m. (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 options for each required security question; and prohibiting a financial institution from using a customer's mother's maiden name as a means of safeguarding access to the customer's account.

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Testimony (8)

MGA witness list
FAV 4FavorableFWA 2Favorable with amendmentsUNF 2Unfavorable
PositionWitnessOrganizationTestimony
FAVMack, LindaGlobal Investigative ServicesWritten (PDF)
FAVScarr, EmilylobbyistMaryland PIRGWritten (PDF)
FAVAnonymous, ChristopherIndividualWritten (PDF)
FAVSenator Kagan, Senator KaganlegislatorIndividualOral + Written (PDF)
UNFDiPietro, ChrisConsumer Data Industry AssociationOral
UNFMurray, RorylobbyistMD | DC CUAWritten (PDF)
FWAMurphy, KathleenMBAOral + Written (PDF)
FWAGodwin, GigiMontgomery County Chamber of CommerceWritten (PDF)

Organizations on record

Registered lobbyists who testified

FAVScarr, EmilyMaryland PIRGRegistered for: Maryland PIRG Citizen Lobby
UNFMurray, RoryMD | DC CUARegistered for: Alliance to Prevent Legionnaire's Disease; American Council of Engineering Companies/MD; Association of Independent Maryland and D.C. Schools; Chesapeake Watershed Restoration Professionals; Kaiser Permanente; Lightstar Renewables