The Consumer Financial Protection Bureau (CFPB) has finalized amendments to implement 2015 legislation that allows financial institutions that meet certain requirements to be exempt from sending annual privacy notices to their customers.
The Gramm-Leach-Bliley Act (GLBA) generally requires that financial institutions send annual privacy notices to customers and include whether and how they share customers’ nonpublic personal information.
Read on for more details about the finalized amendments.
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