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Financial Privacy Bill Passes California Legislature

The California State Senate passed SB 1 yesterday, by a vote of 32 to 6.

  • This bill would enact the California Financial Information Privacy Act, which would require a financial institution, as defined, to provide a specified written form to a consumer relative to the sharing of the consumer’s nonpublic personal information.
  • See also, Lawmakers approve privacy bill in time to head off initiative.
  • ACLU Hails Milestone as California Legislature Enacts Toughest Financial Privacy Protections in the Nation
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