Press release: “Comptroller of the Currency John C. Dugan today praised an interagency effort to improve consumer privacy notices from financial institutions and urged financial institutions and others to provide feedback on the proposed rule. Dugan stated: Today’s proposed rule on consumer privacy notices marks a significant step in the interagency effort to provide disclosures that people can easily read, understand, and use. Effective consumer-oriented privacy disclosures make it easier for people to protect themselves and compare financial service providers based on facts about how companies protect, use, and share personal information. Clear, concise, and useful disclosures also benefit financial service providers by enhancing competitiveness and helping to build consumer confidence.”
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