On August 17, 2018, the Bureau of Consumer Financial Protection published a final rule amending its Regulation P to include an exception to the Gramm-Leach-Bliley Act annual privacy notice obligation. Nearly three years ago, the Fixing America’s Surface Transportation Act (FAST Act) amended the GLBA to provide for such an exception. The CFPB has now… Read More
Tag Archives: GLBA
#ThrowbackThursday: Federal Agencies Issue Model GLBA Privacy Form
Posted in PrivacyIn December 2009, Morrison & Foerster published the client alert “Federal Agencies Issue Model GLBA Privacy Form.” The federal banking agencies and the CFTC, FTC, NCUA and SEC (“Agencies”) have issued a final rule amending their privacy rules under Title V of the Gramm-Leach-Bliley Act (“GLBA”). The purpose of the amendments is to provide a… Read More
CFPB Issues Final Privacy Notice Rule
Posted in CFPB, PrivacyOn October 28, 2014, the Consumer Financial Protection Bureau (CFPB) published a final rule in the Federal Register amending the annual privacy notice requirement under the Gramm-Leach-Bliley Act and Regulation P. The GLBA and Regulation P require financial institutions to provide an initial privacy notice to consumers when they establish a customer relationship with the… Read More