News & Analysis as of

Financial Services Industry Consumer Privacy Rights Data Collection

K&L Gates LLP

Overview of the CFPB's Proposed Open Banking Rule and Final Industry Standard Setting Rule

K&L Gates LLP on

The financial services and banking industry landscape continues to evolve in the face of new and emerging technologies. This phenomenon is especially prevalent in the sharing of consumer data between financial institutions...more

Cadwalader, Wickersham & Taft LLP

The CFPB's Personal Data Financial Rights Proposed Rule, Part 1

On Thursday, October 19, 2023, the Consumer Financial Protection Bureau (“CFPB”) released a proposed rule addressing “personal data financial rights”, as we reported last week that they would be doing later in October. The...more

Jackson Lewis P.C.

New York Legislature and Enforcement Agencies Remain Active on the Data Privacy and Security Fronts

Jackson Lewis P.C. on

At the start of 2023, the New York State legislature introduced several privacy-related bills. One of those bills, S365, appears to be gaining momentum. It was reported and committed to the Internet and Technology Committee...more

McGlinchey Stafford

[Webinar] Deep Dive into Privacy: Think You Are Not Privacy Counsel? Think Again. A Webinar on What You Need to Know. - February...

McGlinchey Stafford on

The next installment in McGlinchey’s Deep Dive Series covering all things privacy is a webinar featuring attorneys from McGlinchey’s Financial Institutions Compliance, Financial Services Litigation, and Insurance Regulatory...more

Jenner & Block

Changes to California Consumer Law Protections on January 1, 2022

Jenner & Block on

Effective January 1, 2022, California implemented several important changes to its consumer protection laws, ranging from data privacy to debt collection to updates to the Consumer Legal Remedies Act....more

Hudson Cook, LLP

California Data Broker List Comes Online

Hudson Cook, LLP on

As 2019 has become 2020, many businesses - including financial institutions - are rightly focused on setting up their CCPA compliance structures. But those businesses also should consider a separate yet related law passed by...more

Akin Gump Strauss Hauer & Feld LLP

California Consumer Privacy Act Becomes Effective January 1

On January 1, 2020, the California Consumer Protection Act (CCPA) will become effective for all businesses that, among other things, have at least $25 million in annual revenue and collect or use any personal information of...more

Bricker Graydon LLP

B2B lenders: What you need to know about the CCPA amendments

Bricker Graydon LLP on

Recently, the California Assembly passed a number of amendments to the California Consumer Privacy Act (CCPA), which reduces the requirements for B2B lenders operating with customers located in California. ...more

Seyfarth Shaw LLP

CCPA Amendments – What did California Actually Do?

Seyfarth Shaw LLP on

The rush for California to get all of the “rules of the road” ready for next year has seemed to cause a bit of confusion with California’s privacy law. Draft regulations were published the same day the Governor signed into...more

Carlton Fields

Are Banks and Other Lenders Subject to the CCPA?

Carlton Fields on

California’s new privacy statute imposes a number of new requirements on businesses that touch the personal information of California consumers. Its reach includes banks and financial services companies....more

Davis Wright Tremaine LLP

The California Consumer Privacy Act: What Financial Services Providers Need to Know

California enacted the nation’s most extensive consumer privacy law after only a week of legislative debate. The California Consumer Privacy Act of 2018 (“CCPA”) creates detailed notice, opt-out/opt-in, access, and erasure...more

Cadwalader, Wickersham & Taft LLP

The Digital Revolution Takes on New Meaning: Among Calls for Heightened U.S. Data Privacy Measures, California is King

California’s ambitious new data privacy law, the California Consumer Privacy Act of 2018 (“CCPA”), will go into effect on January 1, 2020 and promises to bring a new era of digital regulation to America’s shores. ...more

Carlton Fields

In California, a New Era in U.S. Privacy

Carlton Fields on

In June, California passed a sweeping new privacy law that will impact an estimated 500,000 businesses in the United States. The California Consumer Privacy Act of 2018, AB 375 (CaCPA) is the first U.S. law to grant consumers...more

Ballard Spahr LLP

GLBA and the California Privacy Act: Analyzing SB 1121's Change to the Financial Institution Carve-Out Provision

Ballard Spahr LLP on

Less than three months after California passed the California Consumer Privacy Act of 2018 (CCPA), Governor Jerry Brown signed SB 1121 this week, making a number of technical and substantive changes to the law....more

Hogan Lovells

California Consumer Privacy Act: The Challenge Ahead — Introduction to Hogan Lovells’ Blog Series

Hogan Lovells on

Groundbreaking. Watershed. Unprecedented. - We have heard the California Consumer Privacy Act of 2018 (CCPA) called all these things and more since its enactment on June 28, ?2018. Our experience to date has confirmed the...more

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