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On March 2, the Virginia governor enacted the Consumer Data Protection Act (CDPA), which establishes a framework for controlling and processing consumers’ personal data in the Commonwealth. Virginia is now the second state in the nation to enact a comprehensive consumer privacy law. In 2018, California became the first state to put in place significant consumer data privacy measures (covered by a Buckley Special Alert). As previously covered by InfoBytes, under the CDPA, consumers will be able to access their personal data; make corrections; request deletion of their data; obtain a copy of their data in a portable format; and opt out of targeted advertising, sale of their data, or “profiling in furtherance of decisions that produce legal or similarly significant effects concerning the consumer.” The CDPA also outlines controller responsibilities, including a requirement that, among other things, controllers must enter into data processing agreements with data processors that outline instructions for processing personal data and require the deletion or return of personal data once a service is concluded. While the CDPA explicitly prohibits a private right of action, it does grant the state attorney general excusive authority to enforce the law and seek penalties of no more than $7,500 per violation. Additionally, upon discovering a potential violation of the CDPA, the attorney general must give the data controller written notice and allow the data controller 30 days to cure the alleged violation before the attorney general can file suit. The CDPA takes effect January 1, 2023.
- Jeffrey P. Naimon to discuss "Post-pandemic CFPB exam preparation" at the Mortgage Bankers Association Spring Conference & Expo
- Jonice Gray Tucker to discuss "Making fair lending work for you" at the Mortgage Bankers Association Spring Conference & Expo
- Jonice Gray Tucker to discuss "Reading the tea leaves of President Biden’s initial financial appointees" at LendIt Fintech
- APPROVED Webcast: Staying in the know with Buckley regtech solutions
- Moorari K. Shah to discuss “CA, NY, federal licensing and disclosure” at the Equipment Leasing & Finance Association Legal Forum
- Jonice Gray Tucker to discuss "Compliance under Biden" at the WSJ Risk & Compliance Forum
- Sherry-Maria Safchuk to discuss UDAAP at an American Bar Association webinar
- Jeffrey P. Naimon to discuss "What to expect: The new administration and regulatory changes" at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Jonice Gray Tucker to discuss “The future of fair lending” at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Steven R. vonBerg to discuss "LO comp challenges" at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Michelle L. Rogers to discuss "Major litigation" at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Michelle L. Rogers to discuss “The False Claims Act today” at the Federal Bar Association Qui Tam Section Roundtable