California's New Privacy Rule Will Impact Financial Institutions

The CCPA came into force on Jan 1, and while it exempts some consumer data from its scope, firms that have business data on state residents will be pulled in.

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Financial institutions are not exempt from California’s landmark new data privacy regulation just because they already have data controls in place under federal law.

The California Consumer Privacy Act (CCPA) went live on the first day of 2020. The law gives California’s residents unprecedented controls over their personal data, including the right to tell companies to delete their data.

If you think what California has done in enacting its own regime is complicated, just imagine what it

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