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ABA Issues Staff Analyses on the California Consumer Privacy Act

The California Consumer Privacy Act (CCPA), an expansive law creating new privacy rights for California residents, is effective Jan. 1, 2020. Although the new rights would not apply to a consumer's personal information that is covered by the Gramm Leach Bliley Act, banks are not exempted completely from the CCPA, and this statute is of concern to the broader industry, given the breadth of its coverage and the potential that other states will use it as a model for their own legislation.

ABA published two Staff Analyses to help bankers understand CCPA.The first Staff Analysis briefly describes major provisions of the CCPA. The second Staff Analysis provides a summary of the proposed regulations to implement CCPA. Comments on the proposed rules are due by Dec. 6. For more information or to join a working group that will help formulate ABA's comment, contact ABA's Kitty Ryan.

View the First Staff Analysis View the Second Staff Analysis