News & Analysis as of

Gramm-Leach-Blilely Act Consumer Financial Protection Bureau (CFPB) Notice Requirements

Baker Donelson

CFPB's New Final Rule Could Have Big Impact on Privacy Requirements

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The Consumer Financial Protection Bureau (CFPB) has issued its final rule adopting changes to Regulation P, which governs the requirements for financial institutions to issue privacy notices to its customers....more

Baker Donelson

Financial Institutions: CFPB Finalizes Changes to Annual Privacy Notice Requirements

Baker Donelson on

The Consumer Financial Protection Bureau (CFPB) has issued its final rule adopting changes to Regulation P, which governs the requirements for financial institutions to issue privacy notices to its customers....more

Orrick - Finance 20/20

Bureau of Consumer Financial Protection Updates Regulation P to Implement Legislation Amending Gramm-Leach-Bliley Act

Orrick - Finance 20/20 on

On August 10, 2018, the Bureau of Consumer Financial Protection released a final rule which “finalized amendments to implement legislation that allows financial institutions that meet certain requirements to be exempt from...more

Ballard Spahr LLP

CFPB finalizes changes to GLBA annual privacy notice requirement

Ballard Spahr LLP on

The CFPB has issued a final rule amending the provisions of Regulation P that implement the Gramm-Leach-Bliley Act (GLBA) annual privacy notice requirement.  The final rule is intended to reflect the GLBA amendments made by...more

Goodwin

CFPB Finalizes Changes to Regulation P

Goodwin on

On August 10, 2018 the Consumer Financial Protection Bureau (CFPB) issued a final rule adopting changes to Regulation P to bring the regulation into conformity with its authorizing statute, the Gramm-Leach-Bliley Act, 15...more

McGuireWoods LLP

CFPB Issues Proposed Revisions to GLBA Annual Privacy Notice Requirement

McGuireWoods LLP on

Earlier this month, the Consumer Financial Services Bureau issued its proposed rule amending the Gramm-Leach-Bliley Act’s annual privacy notice requirement set forth in Regulation P....more

Ballard Spahr LLP

FTC Follows in CFPB Footsteps with GLBA Privacy Notices

Ballard Spahr LLP on

The Federal Trade Commission (FTC) recently proposed amendments to its Gramm-Leach-Bliley Act (GLBA) rules requiring motor vehicle dealers to send their customers an annual privacy notice. The amendments would allow motor...more

Morrison & Foerster LLP

CFPB Issues Final Privacy Notice Rule

The CFPB has finalized its proposal allowing financial institutions to forgo mailing annual privacy notices by posting such notices online. Unfortunately, despite numerous pleas from the industry that the proposal would do...more

Foley & Lardner LLP

Some Gramm-Leach-Bliley Notices Can Now Be Posted Online

Foley & Lardner LLP on

Some banks and other organizations covered under the Gramm-Leach-Bliley Act (GLBA) may now post their privacy policies online rather than having to mail them annually. Earlier this week, the Consumer Financial Protection...more

Ballard Spahr LLP

CFPB issues final rule allowing alternative online delivery method for annual privacy notices

Ballard Spahr LLP on

Nearly three years after identifying the Gramm-Leach-Bliley Act (GLBA) annual privacy notice requirement as a candidate for streamlining, the CFPB issued a final rule earlier this week to allow financial institutions that...more

Carlton Fields

Proposed CFPB Rule Would Allow Online Posting of GLBA Privacy Notices

Carlton Fields on

The Gramm-Leach-Bliley Act (GLBA) requires financial institutions to provide customers with initial and annual notices of their privacy policies, including whether they share consumers’ non-public information with third...more

Williams Mullen

CFPB Proposal May Eliminate Requirement to Mail Annual Privacy Notice

Williams Mullen on

On May 7th, the Consumer Financial Protection Bureau (CFPB) announced a proposed rule that would allow financial institutions to post annual privacy notices online, potentially eliminating the current requirement to provide...more

Ballard Spahr LLP

CFPB Proposes New Rules on Gramm-Leach-Bliley Act Annual Privacy Notices

Ballard Spahr LLP on

The Consumer Financial Protection Bureau recently published a proposed rule that would amend Regulation P to allow financial institutions, under certain circumstances, to deliver annual privacy notices to their customers...more

Katten Muchin Rosenman LLP

CFPB Proposes Rule on Privacy Disclosures

On May 6, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would allow institutions that limit their consumer data-sharing and meet other requirements to post their annual privacy notices online rather...more

Carlton Fields

CFPB Proposes Rule Allowing Online Posting Of GLB Privacy Notices

Carlton Fields on

On May 6, the Consumer Financial Protection Bureau ("the CFPB" or "the Bureau") announced a proposed rule that would permit financial institutions to post annual privacy notices required by the Gramm-Leach-Bliley Act ("GLBA")...more

Goodwin

CFPB Proposes Rule on Privacy Notices

Goodwin on

The CFPB moved one step closer to allowing online privacy disclosures in lieu of individually-delivered disclosures, proposing a rule to amend Regulation P, the implementing regulation for the Gramm-Leach-Bliley Act to create...more

Morrison & Foerster LLP

CFPB's Promise to Ease Privacy Notice Burdens Needs Clarification

The CFPB has proposed allowing financial institutions to forgo mailing annual privacy notices by posting such notices online, if the financial institution meets certain conditions. While the proposal is welcome, it needs...more

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