Having escaped the bleak midwinter of the Midwest for a few brief days, I find myself sitting poolside in sunny Orlando experiencing a few tantalizing hours of near summer temps. As I watch the inflatables being splashed about gleefully by children (mine included) impervious to the water’s lingering chill, my thoughts naturally turn to privacy and security (which is not a euphemism for my ill-fitting swimsuit by the way).
One of the myriad of issues arising from the California Consumer Privacy Act (CCPA) is the extent to which financial institutions subject to the Gramm-Leach-Bliley Act (GLBA) must comply with the CCPA’s requirements in light of Section 1798.145(e), which provides that the CCPA “shall not apply to personal information collected, processed, sold, or disclosed pursuant to [the GLBA], and implementing regulations.” Because the CCPA’s definition of “personal information” is broader than the GLBA’s definition of “nonpublic personal information,” financial institutions have been faced with the daunting task of not only data mapping but also classifying that data based on whether it is subject to the GLBA. Continue Reading Analyzing How Financial Institutions are Treated in Proposed State Privacy Laws
You can add Nevada to the growing list of the states that are considering privacy-related legislation in the wake of last year’s enactment of the California Consumer Privacy Act (CCPA). Nevada is one of three states that already require certain entities to provide online privacy notices to disclose the types of personal information that they collect from consumers. Senate Bill 220 would supplement that existing law by allowing consumers to submit notices to businesses directing them not to sell any personal information the business has collected or will collect about the consumer (i.e., an opt-out). An entity that receives such a notice would be forbidden from selling the consumer’s personal information. Continue Reading Proposed Nevada Privacy Legislation Would Create Private Right of Action