The California Privacy Rights Act of 2020 – How does it apply to Financial Institutions?
The passage of Proposition 24 enacted the California Privacy Rights Act of 2020 (“CPRA”) which revised the California Consumer Privacy Act of 2018. The CPRA creates a new agency, the Consumer Privacy Protection Agency, with a $10 Million annual budget to enforce the statute. It also expands the rights of consumers and the corresponding obligations of businesses with regard to the collection, disclosure, maintenance and use of consumer personal information. Excluded from the scope of the CPRA is personal information that is subject to the Gramm-Leach-Bliley Act (“GLBA”). It is incumbent on financial institutions to first determine what personal information it collects and maintains that is not subject to the GLBA and then establish procedures to comply with the requirements of the CPRA with respect to such non-GLBA personal information.
Who Should Attend: CEO, Risk Officer, Chief Operational Officer, Director, Legal
- Explore what businesses are covered by the CPRA
- Learn what disclosures financial institutions must make about the non-GLBA personal information that it collects and maintains
- Understand what other rights consumers have with respect to their non-GLBA personal information
Steven Nakasone’s expertise covers general corporate and business transactions with an emphasis on product distribution, branding, licensing, advertising, and promotion. Mr. Nakasone provides legal counsel to businesses in various industries including automobile parts, tires, industrial and consumer chemical products, computer hardware and peripherals, computer software, imaging devices, robotics, online services, pharmaceuticals, food and food supplements, restaurants, real estate development, machine tools, hand tools, and apparel and character merchandise.
Karl is a member of the intellectual property and corporate practice groups in the firm’s Seattle office. Mr. Gerner focuses his practice on privacy, cybersecurity, and e-commerce matters, and is a certified information privacy professional (CIPP/US) with experience handling consumer personal information, along with other privacy and cybersecurity matters (including the California Consumer Privacy Act and EU General Data Protection Regulation) for a broad range of clients ranging from EdTech and FinTech startups to Fortune 500 and multinational companies in the hospitality, retail, logistics, and online dating industries. Mr. Gerner regularly assists clients with data privacy compliance programs, data inventories and mapping, external privacy statements, internal privacy policies, data processing agreements, data subject request responses, and negotiating contracts related to the transfer of customer or personal information.
He is also experienced in a broad range of transactional matters including end user license agreements, material transfer agreements; as well as litigation involving trade secrets, dress, and marks, restrictive covenants, fiduciary duties, fraudulent transfers, and other complex commercial claims.
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Participants will earn 1.0 CPE credit
Field of Study: Specialized Knowledge
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar
Western Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.