The New GLB Model Privacy Form
Original broadcast date: December 17, 2009
If you are a financial institution subject to the Gramm-Leach Bliley Act (GLB) rules requiring a "clear and conspicuous" notice to consumers about your information collection and sharing practices, then you should be aware of the release by the eight federal GLB agencies of a model financial privacy form. After several years of research, on November 17 the FTC, along with the federal banking agencies, the SEC and the CFTC, released a final model form, which may be used by financial institutions to comply with the GLB rules and provide a best practice way to communicate with their customers. Listen in as we explore the practical considerations involved in implementing the model form, as well as some history and insight into its development.
L. Richard Fischer, Partner, Morrison & Foerster LLP
Loretta Garrison, Senior Attorney, Division of Privacy and Identity Protection
Bureau of Consumer Protection, Federal Trade Commission
Lynn A. Goldstein, CIPP, Senior Vice President and Chief Privacy Officer, JP Morgan Chase