A bill to protect the privacy of potential borrowers in private debt deals, formally California Assembly Bill 386, died in a committee of the state Senate this spring, despite the support of the $459 billion California Public Employees’ Retirement System (CalPERS).
Will there be efforts to revive the bill? Megan White, a spokeswoman for CalPERS, said that CalPERS has not “decided on next steps yet,” but that beyond that “we don’t have comments.”
The legislation was drafted inContinue Reading
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