1、12003 Cal. Adv. Legis. Serv. 241 (West); 2003 Cal. Stat. Ch. 241. (Available September 3,2003, in LEXIS, STATES Library, CACODE file.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21614Updated January 6, 2004Comparison of Califor
2、nias FinancialInformation Privacy Act of 2003 with FederalPrivacy ProvisionsM. Maureen MurphyLegislative AttorneyAmerican Law DivisionSummaryThe California Financial Information Privacy Act,1enacted on August 28, 2003,and effective on July1, 2004, governs the rights of California residents with resp
3、ect tothe dissemination of nonpublic personal information byfinancial institutions. In somerespects,itdivergesfromtwofederallawsthatimposerestrictionsonthedisseminationofnonpublicpersonallyidentifiablecustomerinformationbyfinancialinformation. Itsmajor provisions include a requirement that before sh
4、aring nonpublic personalinformationwithnonaffiliatedthirdparties,financialinstitutionsreceiveanaffirmativeconsent, an opt-in, from their customers. Before such information maybe shared withaffiliatesnotinthesamelineofbusinessandregulatedbythesamefunctionalregulator,an opt-out notice is required. Who
