New Jersey proposes $50,000 data-sale fines
Tuesday 30th June, 2026
New Jersey’s Assembly Bill 5332 would ban selling sensitive personal data and fine $50,000 per record, affecting health, biometric, geolocation and financial data insurers and brokers handle.
This lets Wise speak about data protection and transparency in the UK and EU, highlighting why strong rules and clear consent matter for cross-border financial services.
1 Source:
Why have we flagged this?
A proposed New Jersey ban on selling sensitive personal data, including financial account info, directly affects cross-border payments and customer data practices—Wise could offer expert comment on data-handling impacts for fintechs and international transfers.
Get reactive idea inspiration
Thinking...