Today, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Trade Commission (FTC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC) and the Securities and Exchange Commission (SEC) issued interagency guidance to clarify that "it is generally acceptable under the law for financial institutions to report suspected elder abuse to appropriate local, state or federal agencies." Privacy provisions of the Gramm-Leach-Bliley Act "generally requires that a financial institution notify consumers and give them an opportunity to opt out before providing nonpublic personal information to a third party," but the agencies say employees of financial institutions are permitted to report to the proper authorities any suspicious activities that signal financial abuse of elders. For more, read the full press release and CFPB Director Richard Cordray's prepared remarks.