Money transmitters; require to implement certain data security measures and customer protections.

Added a new 'Data Security for Money Transmitters Act' requiring licensees to implement comprehensive information security programs, conduct risk assessments, and designate a qualified individual to oversee these efforts.

Mandated that licensees provide training materials to authorized delegates on recognizing and responding to financial abuse and exploitation of elder adults.

Required licensees to display specific notices to consumers regarding the authorized delegate's role and how to file complaints with the Department of Banking and Consumer Finance.

Removed the requirement for Attorney General approval when renewing or amending charters or articles of incorporation for banking corporations, streamlining the process to only require approval from the Secretary of State.

Clarified that prior written approval from the Commissioner is only required for state banks to declare dividends if the bank is under a corrective plan, would become undercapitalized, or poses a risk to safety and soundness.

Established a 72-hour notification deadline for licensees to report unauthorized acquisition of unencrypted customer information to the Commissioner.

Authorized state-chartered financial institutions to invest in community and economic development entities, community development projects, and other public welfare investments.

Added detailed definitions for terms such as 'authorized user,' 'customer information,' 'encryption,' 'multi-factor authentication,' and 'nonpublic personal information' to ensure consistent application of data security rules.