New privacy legislation is appearing, disappearing, mutating and reappearing at a rate that boggles the mind. As soon as you wrap your arms around one proposal, it gets dumped and a new proposal or state commission on privacy law appears in its place. Trying to keep tabs on what is happening across the country results in a fair amount of flailing of the hands, sweatiness and panicky faces. Or is that just me?
A Snap-Shot of the Current State of Play
To help credit unions stay on top of privacy legislation that might be important to them, here is a brief snap-shot of what the state of play is as of today.
Florida’s S1670 /HB 963: These companion bills do not go as far as the California Consumer Privacy Act (CCPA), but would still be the state’s first omnibus privacy laws. The legislation does contain an exemption for institutions that must comply with the Gramm-Leach-Bliley Act (GLBA). It does not contain a private right of action. The bills have been introduced and are currently in committee.
continue reading »