Browsing: Privacy notice

Insurance

The American Bankers Insurance Association yesterday expressed its support for the Consumer Financial Protection Bureau’s move to implement recent legislation providing banks an exemption from sending an annual privacy notice provided they meet certain requirements.

Community Banking

ABA and several other trade groups today welcomed the Consumer Financial Protection Bureau’s move to implement recent legislation providing banks an exemption from sending an annual privacy notice provided they meet certain requirements.

Newsbytes

The Consumer Financial Protection Bureau today issued a proposed amendment to the Gramm-Leach-Bliley Act to conform its regulations on privacy notice requirements to last winter’s legislation that provides banks meeting certain requirements an exemption from sending an annual privacy notice.

Compliance and Risk

I understand that a new law has impacted my bank’s annual notice requirements under the privacy law. Where can I find that information? On Dec. 4, President Obama signed the Fixing America’s Surface Transportation Act. Included in the legislation—now Public Law No: 114-94—is Title 75, which creates a new exception to the annual privacy notice

Ag Banking

A group of senators and representatives today issued a reconciled version of a long-term highway funding bill that includes a modified but still substantial cut to the dividends paid on the Federal Reserve Bank stock that national banks and other Fed member banks are required to hold.

Community Banking

Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide regulatory relief for banks of all sizes, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.