View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

FTC RIN: 3084-AB42 Publication ID: Fall 2016 
Title: Privacy of Consumer Financial Information 
Abstract:

The Privacy of Consumer Financial Information Rule (Privacy Rule or Rule), 16 CFR part 313, requires among other things that certain motor vehicle dealers provide an annual disclosure of their privacy policies to their customers by hand delivery, mail, electronic delivery, or through a Web site, but only with the consent of the consumer.

 

On June 24, 2015, the Commission proposed amending the Rule to allow motor vehicle dealers instead to notify their customers that a privacy policy is available on their Web site, under certain circumstances. 80 FR 36267. The proposed amendment would also revise the scope and definitions in the Rule in light of the transfer of part of the Commission's rulemaking authority to the Consumer Financial Protection Bureau in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period closed on August 31, 2015. Staff anticipates that the Commission will take its next action by April 2017.

 

 
Agency: Federal Trade Commission(FTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 16 CFR 313   
Legal Authority: 15 U.S.C. 6801 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/24/2015  80 FR 36267   
NPRM Comment Period End  08/31/2015 
Final Rule  04/00/2017 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Previously reported as 3084-AA97  Related Agencies: Common: CFPB; 
Agency Contact:
David Lincicum
Federal Trade Commission
600 Pennsylvania Avenue NW, CC-8232,
Washington, DC 20580
Phone:202 326-2773
Email: dlincicum@ftc.gov