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Federal agencies release final model privacy notice for financial institutions

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 25 2009

On November 17, eight federal regulatory agencies (the Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Federal Trade Commission ("FTC"), National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, and Securities and Exchange Commission) released a final model privacy notice they jointly developed, in an effort to make it easier for consumers to understand how financial institutions collect and share information about them