California Bill on Financial Privacy Moves Forward

by Sabrina I. Pacifici on February 20, 2003

SB 1, the California Financial Information Privacy Act, was approved by the Senate Judiciary Committee on February 18. The bill would require that financial institutions allow customers to exercise the choice of “opting-in” or “opting-out” to determine whether their personal data is shared with affiliated groups, as well as sold to third parties.

Posted in Privacy

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