Interagency Public Workshop: Get Noticed: Effective Financial Privacy Notices

Ronald Reagan Building and International Trade Center Washington, DC | Directions & Nearby

Event Description

The Gramm-Leach-Bliley Act (GLB Act) requires that financial institutions issue privacy notices to their customers, and, in certain circumstances, provide them with the opportunity to opt out of disclosures of nonpublic personal information to nonaffiliated third parties. Concerns have been raised about the clarity and effectiveness of some of the privacy notices. At the same time, some financial institutions have sought additional guidance about the form and content of their notices from the federal agencies charged with implementing and enforcing the GLB Act. To address these critical and timely issues, the eight federal agencies (GLB Agencies) that issued regulations implementing the Act's privacy provisions held a joint public workshop. The workshop addressed the challenges of and strategies for providing effective notice under the GLB Act. This interagency effort brought together government officials, financial institutions, industry associations, consumer and privacy advocates, and communications experts to discuss these issues through moderated panel discussions.

Event Details

FTC Privacy Policy

Under the Freedom of Information Act (“FOIA”) or other laws, we may be required to disclose to outside organizations the information you provide when you pre-register. The Commission will consider all timely and responsive public comments, whether filed in paper or electronic form, and as a matter of discretion, we make every effort to remove home contact information for individuals from the public comments before posting them on the FTC website.

The FTC Act and other laws we administer permit the collection of your pre-registration contact information and the comments you file to consider and use in this proceeding as appropriate. For additional information, including routine uses permitted by the Privacy Act, see the Commission’s comprehensive Privacy Policy.