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Friday, May 23, 2014

Privacy Laws and Regulations Remain a Top Issue for Business and Financial Institutions

This week, California issued a series of recommendations for businesses that directly address the recent changes to California privacy law. The guide, "Making Your Privacy Practices Public," encourages business to develop clear and transparent privacy polices that reflect the changes in California's privacy laws and allow consumers to make informed decisions. "California has proven that robust and balanced privacy protections are consistent with a thriving innovation economy," California Attorney General Kamala D. Harris stated.

Yesterday, the ABIA hosted a Compliance Webinar on the privacy policies and regulations in business and financial institutions. Outside counsel addressed the importance of privacy provisions that apply to financial institutions, service providers, and non-affiliates receiving nonpublic personal information from them.

Download the ABIA Privacy Compliance Presentation.