California Consumer Privacy Act (CCPA), Financial Institutions, Financial Services Industry

Where is the GLBA Entity-Level Exemption? Two More State Privacy Laws Now Apply to Financial Institutions

Orrick, Herrington & Sutcliffe LLP on 7/8/2025

In May, Montana enacted Senate Bill 297, which amends the Montana Consumer Data Privacy Act (MCDPA) to eliminate the broad exemption for financial institutions subject to the Gramm-Leach-Bliley Act (GLBA). Connecticut...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - February 2024

Troutman Pepper Locke on 2/7/2024

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - July 2023 # 4

Troutman Pepper Locke on 7/26/2023

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

New Rules, Enforcement Actions Make Financial Institutions’ Planning for Cyberattacks Even More Imperative

Skadden, Arps, Slate, Meagher & Flom LLP on 1/25/2022

Takeaways - Implementing strong cybersecurity practices helps companies prepare for future regulatory requirements. Incident-response plans must enable financial institutions to give timely and accurate notifications...more

Expanded Safeguards Rule Applicable to More Financial Institutions; Gives More Specificity on Security Requirements

Morgan Lewis on 11/22/2021

The Federal Trade Commission recently finalized a long-discussed update to its cybersecurity Safeguards Rule that includes more specific criteria for what financial institutions must implement as part of their information...more

New Trends in Financial Compliance: How Technology Supports Adoption

Mitratech Holdings, Inc on 6/4/2021

After a period of relative calm, the world of financial services compliance is gearing up for more change; some regulatory, some economic, some operational. The issue of Operational Resilience has now fully matured, with...more

New York’s DFS Publishes A Cyber Insurance Risk Framework

Husch Blackwell LLP on 3/9/2021

Keypoint: New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk. In her...more

Governor Cuomo Proposes Greater Data Privacy Protections and BankTech Assistance for New York Financial Institutions

Hinshaw & Culbertson - Privacy, Cyber & AI... on 1/29/2021

Happy Data Privacy Day! Today we report on New York Governor Andrew Cuomo's recent State of the State address, in which he announced the state's 2021 policy agenda. Included in the Governor's agenda are enhanced consumer...more

Has the financial services industry adopted the “Do Not Sell My Personal Information” link?

BCLP on 6/24/2020

No. 97.62% of banks and financial service companies (collectively “banks”) within the Fortune 500 do not include a “Do Not Sell My Personal Information” link on their homepage or in their privacy notice....more

Alternative Data: Regulatory and Ethical Issues for Financial Services Firms to Consider - March 2020

Latham & Watkins LLP on 3/5/2020

Not too long ago, an investment manager looking to invest in a company might conduct due diligence, attend investor relation calls, peruse quarterly or annual filings, and consider standard ratios such as price to earnings...more

California Data Broker List Comes Online

Hudson Cook, LLP on 2/4/2020

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

CCPA Security FAQs: Does the CCPA open insurance companies to increased litigation?

BCLP on 10/4/2019

Yes. The CCPA provides a partial exemption for information collected by financial institutions that are subject to the Gramm Leach Bliley Act (e.g., information about individuals who have obtained personal financial...more

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

Davis Wright Tremaine LLP on 6/21/2019

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

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

Cadwalader, Wickersham & Taft LLP on 3/4/2019

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

California Consumer Privacy Act: The Challenge Ahead – The Interplay Between the CCPA and Financial Institutions

Hogan Lovells on 12/10/2018

This is the ninth installment in Hogan Lovells’ series on the California Consumer Privacy Act. The California Consumer Privacy Act of 2018 (“CCPA”) exempts information that is collected, processed, sold, or disclosed...more

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

Ballard Spahr LLP on 9/26/2018

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

California Consumer Privacy Act (CCPA) › Financial Institutions › Financial Services Industry

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