Recently, the National Credit Union Administration (NCUA), along with the other federal financial institutions regulators (collectively, the Agencies), issued a joint proposed rule to amend its rules implementing the privacy provisions of the Gramm- Leach-Bliley Act (GLB Act). The Agencies were required by section 728 of the Financial Services Regulatory Relief Act of 2006 (Regulatory Relief Act) to propose a safe harbor model privacy form that financial institutions may use to provide disclosures under the Agencies' privacy rules.
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