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FDIC

RIN: 3064-AD16

Publication ID: Spring 2010

Title: Interagency Proposal for Model Privacy Form Under the Gramm-Leach-Bliley Act
Abstract: The OCC, Board, FDIC, OTS, NCUA, FTC, CFTC, and SEC (the Agencies) proposed amendments to their rules that implement the privacy provisions of the Gramm-Leach-Bliley Act (GLB Act), title V, subtitle A. These rules require financial institutions to provide initial and annual privacy notices to their customers. As required under section 728 of the Financial Services Regulatory Relief Act of 2006 (Regulatory Relief Act or Act), the Agencies are proposing a safe harbor model privacy form that financial institutions may use to provide disclosures under the privacy rules. Institutions that use notices based on the Sample Clauses currently contained in most of the privacy rules would lose the benefit of a safe harbor for compliance with respect to those notices if they are provided more than one year following the date of publication of a final rule. Similarly, institutions that use notices based on the Sample Clauses in the SEC's privacy rule could no longer rely on the guidance provided with respect to those notices if they are provided more than one year following the date of publication of a final rule.
Agency: Federal Deposit Insurance Corporation(FDIC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 332
Legal Authority: 12 USC 1819 (Seventh and Tenth) 15 USC 6801

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/29/2007	72 FR 14940
NPRM Comment Period End	05/29/2007
Final Rule	12/31/2009	74 FR 62890

Additional Information: E-Mail comments to: Comments@FDIC.gov - Include RIN # 3064-AD16 on the subject line of message.
Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: http://www.fdic.gov/regulations/laws/federal/index.html	Public Comment URL: http://www.fdic.gov/regulations/laws/federal/2007/07comAD16.html
RIN Data Printed in the FR: No
Related Agencies: Joint: TREAS/OCC, FRS, TREAS/OTS, NCUA, FTC, CFTC, SEC;
Agency Contact: Samuel Frumkin Senior Policy Analyst Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-6602 Kimberly A. Stock Senior Attorney Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3815 Email: kstock@fdic.gov