Financial services companies subject to the Gramm-Leach-Bliley Act (GLBA) are treated somewhat differently under the CCPA. However, the CCPA does apply to some personal information that financial institutions handle. Kristen Mathews and Adam Fleisher, attorneys in Morrison & Foerster’s Privacy + Data Security Group, authored an article for Bloomberg Law that covers the compliance burdens that even financial institutions have under the California Consumer Privacy Act, and evaluates whether, how, and how fast, these burdens can be met.
Read the full article.