CFPB extends comment period on privacy notice proposal

more+
less-

The CFPB is extending the comment period on its proposed rule that would amend Regulation P to allow financial institutions that satisfy certain conditions to deliver annual privacy notices to their customers using an alternative online delivery method. 

In a notice to be published in tomorrow’s Federal Register, the CFPB states that it is extending the deadline for comments to be filed from June 12, 2014 to July 14, 2014. According to the notice, the CFPB received “a coordinated request from banking and financial service provider trade associations” asking for the comment period to be extended from 30 to 90 days. The CFPB determined that only a 30-day extension was appropriate.

 


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ballard Spahr LLP | Attorney Advertising

Written by:

more+
less-

Ballard Spahr LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×