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Genworth Financial (GNW) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Genworth Financial (NYSE: GNW)
Good morning, ladies and gentlemen, and welcome to Genworth Financial s fourth-quarter 2020 earnings conference call. My name is Lauren, and I will be your coordinator today. [Operator instructions] As a reminder, the conference is being recorded for replay purposes. [Operator instructions] I would now like to turn the presentation over to Tim Owens, vice president of investor relations.
Mr. Owens, you may proceed.
Tim Owens
Vice President, Investor Relations
Thank you, operator. Good morning, and thank you for joining Genworth s fourth-quarter 2020 earnings call. Our speakers are once again remote this morning so please excuse any sound quality or technical issues that may arise. Our press release and financial supplement were released last night, and this morning, our earnings p
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While California understandably has received most of the attention given its recent passage of the California Privacy Rights Act (CPRA), several other states continue to move forward with consideration of their own privacy legislation. Indeed, Washington, Minnesota, and New York have had privacy legislation introduced, and at least 13 other states have privacy bills in committee. These bills have the potential to drastically impact the privacy obligations of businesses, including financial institutions.
One of the bills to which financial institutions must pay attention is New York s Senate Bill 567 (SB 567). If passed SB 567 would require covered businesses to provide privacy notices and give consumers the right to know the personal information that is being collected about them. In this regard, SB 567 borrows many of its obligations from the California Consumer Privacy Act (CCPA), including: