Virginia Expected to Become the Second State to Pass a CCPA Published on: 17 February 2021 at 12:00 p.m. ET Feb. 17, 2021, noon Feb. 17, 2021, 7:06 a.m. insideARM.com The iA Institute
http://www.insidearm.com/news/00047080-virginia-expected-become-second-state-pas/
After over a year of studying California’s Consumer Privacy Act and its impact, Virginia is poised to be the second state to pass its own version – to be known as the Consumer Data Protection Act (CDPA),[1] with an expected effective date of January 1, 2023. A handful of other states have similar bills pending at this time. Virginia’s law, like California’s, authorizes the Commonwealth of Virginia’s Attorney General to be its enforcer. Unlike California’s CCPA, Virginia’s law expressly prohibits lawsuits by private individuals.
Take Action | Electronic Frontier Foundation
eff.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eff.org Daily Mail and Mail on Sunday newspapers.
Virginia General Assembly near to passing major consumer data privacy legislation
newsadvance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsadvance.com Daily Mail and Mail on Sunday newspapers.
Federal Activities:
On February 12, the Secretary of the Treasury Janet Yellen participated in a virtual meeting with G7 finance minsters and central bank governments. The secretary emphasized the commitment of the Biden administration to multilateralism to solve global issues, stating that the United States “places a high priority on deepening our international engagement and strengthening our alliances.” For more information, click
On February 12, the Federal Reserve Board released the hypothetical scenarios for its 2021 bank stress tests. Last year, the board found that large banks were generally well capitalized under a range of hypothetical events, but due to continuing economic uncertainty, placed restrictions on bank payouts to preserve the strength of the banking sector. The exercise evaluates the resilience of large banks by estimating their loan losses and capital levels, which provide a cushion against losses under hypothetical recession scenarios that extend nine q