Support of California Financial Information Privacy Act from the Obama administration
Great news! The Obama administration just came out in support of the California Financial Information Privacy Act, which the American Banker’s Association was trying to overturn in the US Supreme Court. This was an issue we worked on for many years both as a ballot initiative and as legislation.
This is great news for California and American consumers as it dramatically helps ensure that the strongest financial privacy law in the country not only stands but becomes the model for the nation. It’s also a great signal that the Obama administration will be taking a strong stand in supporting a consumer’s right to control their personal data, something that 90% of Californians strongly supported.
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