All Bets Off On Calif. Privacy Standards
Trying to get a bead on financial services privacy standards in California is like predicting the path of a pinball, sources have told National Underwriter. Still, there are several possibilities as to where privacy standards mandated by the Gramm-Leach-Bliley Act of 1999 will ultimately end up.
The California insurance department expected to announce a new draft of privacy regulations by May 24, just after this article went to press. (See the "NU Online News Service" at NationalUnderwriter.com for details.)
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