Date: June 20, 2000
Description: Final Rule
On June 1, 2000, the Office of the Comptroller of the Currency (OCC) published jointly with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision, a new regulation (12 CFR Part 40) to implement privacy provisions of the Gramm-Leach-Bliley Act. These provisions generally restrict the ability of financial institutions to transfer nonpublic personal information about consumers to nonaffiliated third parties, and require financial institutions to provide certain privacy-related notices to consumers.
Attached is a copy of the final rule as it appeared in the Federal Register. Also attached is a summary of the final rule that the OCC has prepared to assist national banks in their compliance efforts.
For further information, contact Compliance Policy (202) 649-5470.
Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel