It was just two years ago that California passed a groundbreaking data privacy law. Now the state’s voters have a chance to expand its protections.
The latest proposal, known as the California Privacy Rights Act, would create a state agency to serve as a privacy watchdog and would offer more rights to consumers. It would also create a raft of compliance work for banks and other companies, especially tech firms that rely heavily on users’ personal data.
The financial services industry would retain limited exemptions that were included in the earlier law. Read the complete article HERE.