Ccpa UPDATES

A Guide to Recent CCPA Updates

Since the California Consumer Privacy Act (CCPA) was established, California's privacy legislation has seen its fair share of evolutions--from the CCPA’s initial amendments to the creation of a completely new supplemental law (the California Privacy Rights Act). Now, the California…

Read More

How to Respond to Automated Data Subject Requests

The implementation of high-profile data laws such as the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) have given consumers the ability to exercise previously-unheard-of rights.  This paradigm shift has left businesses and financial organizations scrambling to keep up, perhaps most notably with data access and opt-out requests–when consumers submit…
Read More

At Last: US Proposes Federal Data Privacy Law

At long last, a comprehensive federal data privacy bill has been introduced in the US legislature by Representative Suzan DelBene (D-Washington). Known at the Information Transparency and Personal Data Control Act (ITPDCA) ensures the protection of “our most sensitive personal information including financial, health, genetic, biometric, geolocation, sexual orientation, citizenship and immigration status, social security…
Read More

A Guide to the Data Privacy Laws Proposed by Texas

Texas State Representative Giovani Capligrione has filed six bills related to “increasing the protection of consumer data by the private sector.”  This follows the recent passing of a state bill mandating data breaches involving more than 250 Texas residents must be reported to the Attorney General. Capligrione implies that this bill has been a step…
Read More

A Guide to FINRA’s 2021 Compliance Goals

The Financial Industry Regulatory Authority (FINRA) recently published their 2021 Report on FINRA’s Examination and Risk Monitoring Program. The report contains insights for FINRA’s regulatory operations and is designed to guide the compliance efforts of member firms. In the broadest sense, FINRA declares cybersecurity as “one of the principal operational risks facing broker-dealers,” expecting firms…
Read More

A Guide to Florida’s Proposed Version of CCPA

The California Consumer Privacy Act (CCPA) has been an influential model for other states as they draft their own data privacy legislation. Recent laws from Virginia and Minnesota closely resemble CCPA, and now Florida has made joined the movement with a new data privacy law that is strikingly similar to California’s. The bill, called HB 969, has…
Read More

How to Use New CSBS Cybersecurity Examination Tool

Any nonbank institution looking to protect against, mitigate and respond to cybersecurity threats should take advantage of the Conference of State Bank Supervisors’ (CSBS) new cybersecurity examination tool.  Unveiled during the Nationwide Multistate Licensing System Annual Conference in February, the resource is designed for state regulators to use during examinations, and for organizations to self-evaluate…
Read More

EU Releases Draft Decision on UK Data Privacy Standards

Since the start of 2021, post-Brexit data relationships between the European Union and the United Kingdom have been governed by The EU-UK Trade and Cooperation Agreement, which established a 4-6 month temporary period where data could flow freely between the two jurisdictions.  Beyond that, the future was unclear. The grace period could have been extended…
Read More

Minnesota Proposes its Own Version of CCPA

Ever since the California Consumer Privacy Act (CCPA) set the tone for state-level privacy laws, more and more states have followed suit. At the start of the year, Minnesota proposed its own data privacy bill–and yes, it’s heavily influenced by CCPA. The bill, known as HF-36,has been sent for referral to the Committee on Commerce,…
Read More

Virginia Set to Enact Major Data Privacy Legislation

Of all the states currently in the process of enacting major privacy legislation, Virginia may be closest to the finish line. On February 5, the Senate of Virginia voted unanimously to approve the Consumer Data Protection Act (CDPA), with the House of Delegates voting 89-9 to approve an identical bill.  Minor amendments are expected after the…
Read More
Back To Top