The California Consumer Privacy Act (CCPA) is a state statute intended to enhance privacy rights and consumer protection for residents of California, United States. This act applies to any business, including any for-profit entity that collects consumers’ personal data, which does business in California, and satisfies at least one of the following thresholds:
Has annual gross revenues in excess of $25 million
Buys or sells the personal information of 50,000 or more consumers or households; or
Earns more than half of its annual revenue from selling consumers’ personal information
This includes any retails bank that operates in California.
SoHo’s role was to build a consumer privacy form process for customers to submit the banks compliance team for approval and action.