AN ACT REQUIRING CONSUMERS' CONSENT TO STORE CREDIT CARD OR OTHER PAYMENT INFORMATION.

SB 157 requires businesses operating in this state to obtain written consent from customers before storing their credit card or other payment information. This law directly affects all businesses that collect payment details, such as retailers or service providers, and protects consumers by mandating explicit permission for data retention. The key provision replaces current practices by requiring businesses to get clear, written consent before saving payment information, rather than assuming implied consent. This creates a concrete policy change in how businesses handle sensitive financial data.