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The California Privacy Rights Act and Financial Institutions

California has done it again. Just two years after passing the California Consumer Privacy Act (CCPA), and only months after the Attorney General’s regulations went into effect, Californians recently voted to pass Proposition 24, or the California Privacy Rights Act (CPRA). While many have been quick to label this as “CCPA 2.0,” the CPRA expands upon what was already the most comprehensive privacy legislation in the United States and creates many new compliance hurdles for covered businesses.

The CPRA will replace the CCPA beginning January 1, 2023, but will apply to data collected beginning January 1, 2022. The CCPA will continue to apply to covered data in California until then.

This webinar addresses the critical CPRA compliance issues faced by financial institutions. This will include an in-depth examination of new rights afforded to California consumers, expanded categories of personal information under the CPRA, and heightened compliance requirements that are likely to impact companies in the financial sector. Join us as we provide a roadmap of CPRA obligations and provide some key considerations for complying with the CCPA until the CPRA’s effective date.

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