Rep. Seeks To Ease Privacy Notification Rule For Financial Cos.
Rep. Blaine Luetkemeyer, R-Mo., along with co-sponsors Scott Garrett, R-N.J., and Lynn A. Westmoreland, R-Ga., submitted a bill that would grant exemptions from GLB's notification requirements to financial institutions that maintain the same privacy policies from year-to-year.
Under the GLB, which passed in 1999, lenders, investment companies and other financial services providers must send customers an annual notice detailing their information sharing...
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