The California Financial Information Privacy Act (CalFIPA) was enacted in 2003 to require financial institutions to provide California consumers notice and meaningful choice about how consumers’ nonpublic personal information is shared and to offer greater protection than its federal counterpart the GLBA.

What is the California financial information privacy Act?

The California Financial Information Privacy Act (CalFIPA) was enacted in 2003 to require financial institutions to provide California consumers notice and meaningful choice about how consumers’ nonpublic personal information is shared and to offer greater protection than its federal counterpart the GLBA.

What is Song Beverly credit card Act of 1971?

The Song-Beverly Credit Card Act of 1971 (the “Act”) imposes civil penalties for certain practices with respect to capturing and recording PII in cardholder transactions.

Which is considered nonpublic personal information as defined by the California financial Code?

(a) “Nonpublic personal information” means personally identifiable financial information (1) provided by a consumer to a financial institution, (2) resulting from any transaction with the consumer or any service performed for the consumer, or (3) otherwise obtained by the financial institution.

Which information set would not be considered nonpublic personal information NPI?

Nonpublic personal information does not include publicly available information that the financial institution has a reasonable basis to believe is lawfully made available to the general public from (1) federal, state, or local government records, (2) widely distributed media, or (3) disclosures to the general public …

What qualifies as non public information?

(A)The term “nonpublic personal information” means personally identifiable financial information— (i)provided by a consumer to a financial institution; (ii)resulting from any transaction with the consumer or any service performed for the consumer; or (iii)otherwise obtained by the financial institution.

What rule is associated with the GLB Act?

GLBA compliance requires that companies develop privacy practices and policies that detail how they collect, sell, share and otherwise reuse consumer information. Consumers also must be given the option to decide which information, if any, a company is permitted to disclose or retain for future use.

Is a credit card number considered NPI?

NPI is any personally identifiable financial information a customer provides to obtain a financial service or product. Examples of NPI include Social Security numbers, credit card numbers, account balances and other billing information, tax return information, driver’s licenses, and dates of birth.

Is a phone number non public information?

For example, nonpublic personal information may include names, addresses, phone numbers, social security numbers, income, credit score, and information obtained through Internet collection devices (i.e., cookies).

Is a phone number nonpublic personal information?

Is a phone number nonpublic information?

“A telephone number is not considered Personally Identifiable Information under the law, so technically there’s not a legal obligation to protect that information.” Companies use your cellphone to track your spending habits and also use it as your mobile identity.