The California Privacy Protection Agency unveiled a preliminary draft of its proposed privacy regulation on May 27, hidden in the announcement of its next public meeting on June 8. The agenda for this public meeting includes the “Discussion and Possible Action Regarding Proposed Regulations Sections...
Most banks are familiar with how quickly regulatory requirements can change. One 2019 report noted that there were 220 updates to such requirements worldwide each day, equating to roughly 80,000 in one year. Staying abreast of these various compliance shifts can be costly and challenging...
Devising open banking laws that adequately respond to shifting privacy needs and satisfy both businesses and consumers is difficult. U.S. legislators in several states are either drafting, voting on or have passed requirements to tackle online data’s and transactions’ importance, but these laws often do...
Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared...
January 03, 2020
California has passed the California Consumer Privacy Act (CCPA), a sweeping law that forces companies to tell customers about the data they gather about them, and to allow customers to opt out of those practices. However, the final details of the law are being worked out, and many companies are unsure exactly what they need […]
April 30, 2019
Lobbying groups and trade associations representing tech giants such as Facebook and Apple have thrown their support towards legislation that could weaken California’s landmark privacy law. Last year, California passed...
February 26, 2019
California lawmakers are looking to make their strictest-in-the-nation data privacy law even tougher. Last year, California passed the California Consumer Privacy Act (CCPA) that provides consumers with more transparency and control over their...
