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

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.