Monday, December 03, 2012

Possible Change to GLB Requirements This Week

The Hill reports that House of Representatives debated a bill Monday, December 3rd that would relax Gramm-Leach-Bliley, setting up a likely vote on the bill for Tuesday.

The Eliminate Privacy Notice Confusion Act, H.R. 5817, would change the law to require  banks only to notify customers when their privacy policies change, and annually.


 

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