The CARD Act changed the notificationrequirements for interest rate hikes, requiring that cardholders now receive 45 days notice on any increase, including default.
Durkin, from St John's Wood, north-west London, had earlier admitted one count of failure to comply with notificationrequirements between 12 October and 14 November last year.
Wants standardized breach notificationrequirements so that procedures for breached companies notifying their customers are simplified, rather than the current environment of a patchwork of laws that vary from state to state.
Instead, data breaches are addressed by a patchwork of state laws, setting forth various requirements including notification of those affected, and sometimes fines and payment for identity theft monitoring for breach victims.
Among its provisions was the creation of a three-tiered system that designates varying levels of requirements for registration and public notification.