The Secure Times

An online forum of the ABA Section of Antitrust Law's Privacy and Information Security Committee

Federal Agencies Release Model Privacy Notice Form

Leave a comment

Eight federal regulatory agencies announced the release of a final model privacy notice form.  The model privacy form is designed to help consumers understand how their information is collected and shared by financial institutions.  The model privacy form complies with the requirements for a financial institution to notify consumers of the institution’s information sharing practices and provide consumers with an opportunity to opt out of certain practices pursuant to the Gramm-Leach-Bliley (GLB) Act.
 
The model privacy form uses plain language in a user-friendly format.  The agencies have developed a Model Privacy Form – Opt Out and a Model Privacy Form – No Opt Out.
 
The model privacy form was developed by:
  • Board of Governors of the Federal Reserve System;
  • Commodity Futures Trading Commission;
  • Federal Deposit Insurance Corporation;
  • Federal Trade Commission;
  • National Credit Union Administration;
  • Office of the Comptroller of the Currency;
  • Office of Thrift Supervision; and
  • Securities and Exchange Commission
A copy of the GLB Model Privacy Form Rule is available here.
Advertisements

Author: ABA Antitrust

Learn more about the ABA Section of Antitrust Law: http://ambar.org/antitrust

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s