Bank Policy Institute: California Privacy Proposal Overreaches, Undermines Federal Framework
January 15, 2025
January 15, 2025
WASHINGTON, Jan. 15 -- The Bank Policy Institute issued the following news release on Jan. 14, 2025:
A proposed rulemaking by California's privacy agency imposing requirements on banks' cybersecurity programs, automated decision-making tools, and risk management is yet another overreaching state law that undercuts longstanding federal rules, BPI said in a comment letter submitted today.
"A patchwork approach to bank regulation is bad policy and contrary t . . .
A proposed rulemaking by California's privacy agency imposing requirements on banks' cybersecurity programs, automated decision-making tools, and risk management is yet another overreaching state law that undercuts longstanding federal rules, BPI said in a comment letter submitted today.
"A patchwork approach to bank regulation is bad policy and contrary t . . .