Important Webinar! Understanding the New CALIFORNIA CONSUMER PRIVACY ACT

The broad definitions used in the law make it likely it will impact many financial institutions outside of California as well as those in the state.

In 2020 California will usher in a comprehensive new consumer privacy law that imposes severe restrictions and obligations on businesses—including financial institutions—that collect information about California residents. The broad definitions used in the law make it likely it will impact many financial institutions outside of California as well as those in the state.

Will the new law apply to your financial institution? If so, are you prepared to comply with it?

During this program, participants will learn:

When the law says it will take effect and when it probably really will take effect
How the new law compares to the requirements of the existing Gramm-Leach-Bliley Act and the CFPB’s Regulation P, and what additional requirements it imposes
Which financial institutions inside California must comply with the law
How financial institutions in other states will be affected by the law
How the new proposed regulations would affect financial institutions
What information a consumer (whether or not a customer) may demand
What information a consumer (whether or not a customer) may require you to delete from your records
What steps your financial institution should take to comply with the new law
Further changes on the horizon
Not everyone (even in California) will be directly governed by the new law, but it is likely it will have at least an indirect effect on financial institutions across the country. This program is intended to help financial institutions prepare.

For more information, call NorthLegal at 623.537.7150.