Popular Links
Right Column
CALIFORNIA FINANCIAL INFORMATION PRIVACY ACT
On July 1, 2004, the California Financial Information Privacy Act became operative. This new law provides California consumers with important privacy rights.
On October 5, 2005, the United States District Court for the Eastern District of California permanently enjoined enforcement of the affiliate sharing provisions of Senate Bill 1 (the California Financial Information Privacy Act), ruling that the provisions are preempted by federal law, the Fair Credit Reporting Act (FCRA).
The following links will assist consumers in understanding their rights, and assist financial institutions licensed by the Department of Corporations in understanding their obligations.
CONSUMERS
FINANCIAL INSTITUTIONS/LICENSEES
- Information about the Compliance Survey Regarding the California Financial Information Privacy Act
- Compliance Survey Regarding the California Financial Information Privacy Act [pdf] [MS Word]
- Transmittal Letter - Compliance Survey Regarding the California Financial Information Privacy Act [pdf]
- Information on Your Obligations under the California Financial Privacy Act - Frequently Asked Questions (FAQ's) to Help in Preparing the Survey
- California Financial Information Privacy Act (Financial Code sections 4050-4060)
- "Important Privacy Choices for Consumers" Standard Form [pdf]
- How To Submit An "Opt-Out"/"Important Privacy Choices" Form to the Department of Corporations for Approval
- Legal Developments