BCFP Ammends Consumer Privacy Regulation

The Bureau of Consumer Financial Protection (BCFP) has announced an update in legislation aimed at easing the burden on financial institutions and reducing the risk of consumer confusion. Through Regulation P, legislation has been updated that amends the Gramm-Leach-Bliley Act, which requires annual privacy notices to consumers from financial institutions. The amendments finalized today allow …

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Source: DS News

2018-08-10T09:42:50-06:00