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CALIFORNIA CONSUMER PRIVACY RIGHTS ACT (CPRA) & OTHER PRIVACY LEGISLATION
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All of the information below is to provide all you need for internal education, external client communications, and overall compliance with the California Consumer Privacy Rights Act (CPRA), its implementing regulations, and other pending privacy legislation.
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For support questions, please email support@compliancesystems.com
[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” text_align=”center” css=”.vc_custom_1518113225968{background-color: #203260 !important;}”][vc_column text_color=”#ffffff”][vc_custom_heading text=”Compliance Resources” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal” font_container=”tag:h2|text_align:center” el_class=”ham”][vc_empty_space height=”40px” el_class=”reg_media_space”][vc_row_inner gap=”60″][vc_column_inner width=”1/3″][rdy_icon_text icon_fontawesome=”fa fa-university” title=”Regulatory and Industry Updates” icon_color=”#ffffff” el_class=”card_text” link=”||target:%20_blank|”]To receive regulatory and industry updates, visit our community lounge. We have a forum dedicated to regulations and other industry updates. You are able to subscribe to this forum to receive email notifications once a topic is posted.[/rdy_icon_text][vc_empty_space height=”15px”][vc_column_text]
Compliance Systems Community Lounge
[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][rdy_icon_text icon_fontawesome=”fa fa-file-text-o” title=”Compliance Systems’ Solution” icon_color=”#ffffff” el_class=”card_text” link=”||target:%20_blank|”]We offer a flexible solution for financial institutions to comply with the CCPA and its implementing regulations. Financial institutions that are subject to the CCPA can now complete the required disclosures via Simplicity Configuration. We will be making any necessary changes to our solution to comply with the CPRA.[/rdy_icon_text][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][rdy_icon_text icon_fontawesome=”fa fa-question-circle-o” title=”CCPA Information and Resources” link_area=”true” icon_color=”#ffffff” el_class=”card_text” link=”||target:%20_blank|”]We have addressed commonly asked questions regarding the CCPA as it relates to financial institutions.[/rdy_icon_text][vc_empty_space height=”15px”][vc_column_text]
CCPA FAQs – Updated January 2023
New Flexible Lending and Deposit Solution to Comply with CCPA[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner gap=”60″][vc_column_inner width=”1/2″][vc_empty_space height=”35px”][vc_column_text]
Updated 2020
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Updated 2022
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space height=”40px” el_class=”reg_media_space”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” css=”.vc_custom_1580496392839{background-color: #f1f4f9 !important;}”][vc_column text_align=”center”][vc_custom_heading text=”Click the Map to See the Pending Federal and State Privacy Legislation
Updated 4/11/2022″ google_fonts=”font_family:Abril%20Fatface%3Aregular|font_style:400%20regular%3A400%3Anormal” font_container=”tag:h2|text_align:center|color:%2335618f”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_custom_heading text=”CPRA and Privacy Legislation Information” google_fonts=”font_family:Abril%20Fatface%3Aregular|font_style:400%20regular%3A400%3Anormal” font_container=”tag:h2|text_align:center|color:%2335618f”][vc_empty_space][vc_row_inner equal_height=”yes” clean_margin=”xs” clean_padding=”xs”][vc_column_inner text_align=”left” width=”1/3″ css=”.vc_custom_1580836790057{background-color: #f1f4f9 !important;}”][vc_custom_heading text=”CPRA and Implementing Regulations” google_fonts=”font_family:Abril%20Fatface%3Aregular|font_style:400%20regular%3A400%3Anormal” font_container=”tag:h4|text_align:center|color:%23203260″ transform=”uppercase” el_class=”part_block” link=”url:https%3A%2F%2Fregister.gotowebinar.com%2Fregister%2F1503413229801424140||target:%20_blank|”][vc_empty_space height=”12.5px”][vc_column_text]On November 3, 2020, California voters approved the statute initiative, California Privacy Rights Act of 2020 (CPRA). The CPRA amends and expands the California Consumer Privacy Rights Act of 2020 (CCPA).
Proposed Regulations – Oct. 17[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″ css=”.vc_custom_1580836800372{background-color: #f1f4f9 !important;}”][vc_custom_heading text=”What’s on the Horizon?” google_fonts=”font_family:Abril%20Fatface%3Aregular|font_style:400%20regular%3A400%3Anormal” font_container=”tag:h4|text_align:center|color:%23203260″ transform=”uppercase” el_class=”part_block” link=”url:https%3A%2F%2Fregister.gotowebinar.com%2Fregister%2F1503413229801424140||target:%20_blank|”][vc_empty_space height=”12.5px”][vc_column_text]The California Privacy Protection Agency (CPPA) announced that they have begun the formal rulemaking process to adopt the proposed regulations that implement the Consumer Privacy Rights Act of 2020 (CPRA).
The timeframe to finalize the regulations will be based on a 45-day public comment period, which will close on August 23, 2022. Based on the submitted comments, the CPPA may make changes to the proposed regulations. If major changes are made, the CPPA is required to have another 45-day comment period; however, if only substantive or sufficiently related changes are made, then the comment period is shortened to 15 days. A comment period is not required if no changes are made or changes are insubstantial.
Rulemaking Documents[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″ css=”.vc_custom_1593183860548{background-color: #f1f4f9 !important;}”][vc_custom_heading text=”Additional Training and Resources” google_fonts=”font_family:Abril%20Fatface%3Aregular|font_style:400%20regular%3A400%3Anormal” font_container=”tag:h4|text_align:center|color:%23203260″ transform=”uppercase” el_class=”part_block”][vc_empty_space height=”12.5px”][vc_column_text]Compliance Systems is committed to providing the most up-to-date compliance information. Email blasts are sent out to inform our users of compliance help including regulatory updates.
Other state legislatures, as well as the federal government, have pending privacy legislation that Compliance Systems will continue to closely monitor.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]