By Nathan Taylor and Purvi Patel ( May 30, 2018, 12:03 PM EDT) -- Financial institutions in the United States are no strangers to privacy regulations, particularly given the obligations imposed by the federal Gramm-Leach-Bliley Act and the California Financial Information Privacy Act (SB1). More recently, financial institutions have been focused on whether and/or the extent to which the EU's General Data Protection Regulation may apply to their U.S. operations. Many financial institutions, however, have yet to consider an equally important U.S. privacy development — the California Consumer Privacy Act, a ballot initiative likely to appear on the November ballot.[1]...
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