Privacy


The Federal Deposit Insurance Corp. requests comments on a proposed rule it issued in conjunction with the Federal Reserve Board, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the National Credit Union Administration, the Securities and Exchange Commission, the Federal Trade Commission and the Commodities Futures Trading Commission ( www.sec.gov/rules/concept/34-48966.htm ). Under the Gramm-Leach-Bliley Act of 1999, financial institutions must give customers written notice of their privacy policies and practices, including information on how to request that personal information not be shared with other organizations or individuals. The proposed rule’s purpose is to simplify—without unnecessarily burdening banks—the language in such notices so that customers will be better able to understand and to manage the ways these organizations use confidential data. Comments are due March 29.

SPONSORED REPORT

Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.