Answer:
Answer by Randy Carey: There have been no changes to Regulation P.
Answer:
Answer by John Burnett: The House of Representatives has passed a bill that would reduce the need for annual notices under the GLBA privacy provisions. As of 12/13/2012, the Senate had not acted on the bill. If the Senate fails to act before year-end 2012, the bill will have to be reintroduced in order to affect the annual notice requirement. Unless you hear something to the contrary before you're scheduled to send your 2013 notices, you should plan on completing the mailing. Even if the bill is voted into law, it will take the Bureau some time to update the requirements of Regulation P.
First published on BankersOnline.com 1/21/13
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