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