A bill to update California’s landmark data privacy law has only been in effect since Jan. 1, but it is already noteworthy among businesses for the robust protections it offers residents, a slew of new requirements for companies, and a certain amount of ambiguity.
The California Privacy Rights Act (CPRA), which passed as a ballot measure in 2020, expanded on the protections offered by the California Consumer Privacy Act (CCPA), the nation’s first comprehensive state data privacy law. The CPRA established the California Privacy Protection Agency (CPPA) to implement and enforce the law, a change from keeping CCPA oversight with the state attorney general.
Four other states—Colorado, Connecticut, Utah, and Virginia—have approved privacy laws taking effect this year, though none are considered as comprehensive as the California legislation.
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The California Privacy Protection Agency is probing the data privacy practices of connected vehicle manufacturers and their technologies as part of its first enforcement review.
Many businesses are breathing a sigh of relief following a court ruling that delayed enforcement of certain provisions of the California Privacy Rights Act, but companies should not rest on their laurels, according to experts.
If companies haven’t started the process of coming into compliance with the California’s sweeping new privacy law, they need to begin now.
The Financial Crimes Enforcement Network announced a notice of proposed rulemaking to extend the deadline for companies created or registered in 2024 to file their initial beneficial ownership information reports.
The Securities and Exchange Commission adopted amendments to its rule covering fund names to ensure the regulation is appropriate to address new investment drivers, namely environmental, social, and governance matters.
The actions of companies like Amazon and new legislation passed in California prove it’s no longer a question of if companies will be required to disclose their greenhouse gas emissions—it’s a question of when, experts told attendees at CW’s virtual ESG Summit.
