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.
Privacy
