North Dakota Passes New Data Security Law for “Financial Corporations”

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North Dakota recently passed a law establishing new rules for certain financial companies operating in the state – specifically “financial corporations.” The new obligations will take effect on August 1, 2025. They will apply to businesses that the North Dakota department of financial institutions regulates. Financial institutions (like banks and loan companies) and credit unions……
By: Sheppard Mullin Richter & Hampton LLP
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