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Complying with the California Consumer Privacy Act (CCPA) for Banks

Gain insight into how the CCPA applies to financial institutions, both those based in California and those based elsewhere.

The California Consumer Privacy Act (CCPA) represents a significant development in United States privacy law and will have impacts and effects far outside the territorial boundaries of California. The first law of its kind in the U.S., its intent and purpose is to enhance privacy rights and consumer protection. The very nature of the law has created a substantial amount of uncertainty, including in the details of how it will be applied to financial institutions. This topic will provide context and background on how the CCPA came to be - a perspective necessary to understand where consumer privacy laws in the United States may be going in the future. The material will include the scope and size of organizations to which CCPA applies, as well as exceptions for GLBA and FCRA data. Finally, the material will provide some helpful ideas as to how existing regulatory compliance frameworks and be leveraged to more easily and efficiently comply with the CCPA.

89 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of U.S. Privacy Landscape Before 2018

  • Patchwork of Industry-Specific Federal Privacy Laws
  • Enter the GDPR; Why It's Important Even If You Do Not Do Significant Business in the EU

CCPA: How It Came to Be, Including Roots in the GDPR, and Why It's so Controversial

  • California's Long History With Consumer Privacy Issues
  • Silicon Valley and Its Impact on Consumer Privacy

Examination of CCPA's Application to Financial Institutions

  • Coverage of CCPA to Businesses of a Certain Size
  • Exception for GLBA Data
  • Exception for FCRA Data
  • No Exception for Some Consumer Data

How Financial Institutions Can Leverage Already Existing Operational Frameworks

  • Operational Requirements of CCPA
  • Why Some Financial Institutions Already Have Some of Those Operational Requirements in Place
  • How to Leverage Those Frameworks Instead of Starting From Scratch
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 12, 2023.

Call 1-866-352-9540 for further credit information.

  • IAPP 1.5
     
  • This course has been approved through the International Association of Privacy Professionals (IAPP) for 1.5 CPE Credit(s). This course is applicable to the following certifications: CIPP/A, CIPP/C, CIPP/E, CIPP/US, CIPM, CIPT.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Adam V. Griffin

Adam V. Griffin

Adams and Reese LLP

  • Provides data privacy and security legal services for clients nationwide
  • Work includes incident response planning, regulatory and legal compliance, as well as incident and breach response
  • Background in information technology, he often interfaces with the technology and data security professionals within organizations to help most efficiently solve problems, plan for incidents, and ensure they are in compliance with applicable laws and regulations
  • Can be contacted at [email protected] or 601-292-0755
Amy L. Hanna Keeney

Amy L. Hanna Keeney

Adams and Reese LLP

  • Certified information privacy professional (CIPP/US) as well as a licensed attorney and counsels organizations of all sizes, including banks and financial services providers, regarding compliance with consumer privacy laws such as the Fair Credit Reporting Act (FCRA) and the Gramm-Leach-Bliley Act (GLBA)
  • Represented banks in the wake of the Dodd-Frank Wall Street Reform and Consumer Protection Act and counseled many of them through the rapid-fire CFPB-led changes to Regulations X and Z
  • Consults with app and software developers regarding compliance with state and federal privacy regulations, including biometric data regulations such as the Illinois Biometric Privacy Act (BIPA) and the federal Children’s Online Privacy Protection Act (COPPA)
  • Selected as a Rising Star by Georgia Super Lawyers magazine every year since 2017
  • Can be contacted at [email protected] or 470-427-3718
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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Product ID: 411190
Published 2023, 2024
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