FTC To Hold Financial Privacy Workshop
The Federal Trade Commission (FTC) will hold a workshop in December 2001 intended to assist companies with writing privacy policies that comply with Gramm-Leach-Bliley. In July 2001, financial, insurance, and brokerage institutions were required by federal law to send customers a privacy policy and the opportunity to opt-out from information sharing. Many of the policies sent were written in confusing legalese.Workshop Planned To Discuss Strategies for Providing Effective Financial Privacy Notices, FTC Press Release, September 24, 2001.
Workshop To Help Banks Offer Plain-English Privacy Policies, Newsbytes, September 24, 2001.
