Interagency Final Rule for Model Privacy Notice under the Gramm-Leach-Bliley Act

Docket ID: OCC-2009-0011
Agency: Comptroller of the Currency (OCC)
Parent Agency: Department of the Treasury (TREAS)
The OCC, Board, FDIC, OTS, NCUA, FTC, CFTC, and SEC (the ``Agencies'') are publishing final amendments to their rules that implement the privacy provisions of Subtitle A of Title V of the Gramm- Leach-Bliley Act (``GLB Act''). These rules require financial institutions to provide initial and annual privacy notices to their customers. Pursuant to Section 728 of the Financial Services Regulatory Relief Act of 2006 (``Regulatory Relief Act'' or ``Act''), the Agencies are adopting a model privacy form that financial institutions may rely on as a safe harbor to provide disclosures under the privacy rules. In addition, the Agencies other than the SEC are eliminating the safe harbor permitted for notices based on the Sample Clauses currently contained in the privacy rules if the notice is provided after December 31, 2010. Similarly, the SEC is eliminating the guidance associated with the use of notices based on the Sample Clauses in its privacy rule if the notice is provided after December 31, 2010.
RIN: Not Assigned
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Keyword(s): privacy
Type: Rulemaking

Primary Documents

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Comment Period Closed
Posted: 12/01/2009
ID: OCC-2009-0011-0001

Supporting Documents

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Comments Received*
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