Cleveland Law Library Weblog

Proposed Graham Leach Bliley Privacy Forms

Several federal agencies issued proposed regulations providing a safe harbor privacy form.  Financial institutions can give to this form to their customers, to comply with the Graham Leach Bliley Act.  See Federal Agencies Issue Proposed Rule on GLB Act Model Privacy Form by Faith Williams and Jeffery Smith,  Bricker & Eckler, LLP, April 2007.  This article has a link to the proposed regulations, which are contained in 72 Federal Register 14940.   This federal register section contains instructions on how to submit comments.  Comments are due on May 29, 2007.

Changes to Ohio Financial Institutions Law

Sub. HB 454 "modifies the Financial Institutions Law with respect to debt suspension and cancellation contracts, trust powers, boards of directors, on premises police officers, and bankers' banks; to revise the Money Transmitters Law, including with respect to licensing, net worth, reporting, investigations, and enforcement; and modifies the Title Insurance Law relative to lender's title insurance, closing or settlement protection, and annual reviews of escrow and other accounts. The bill goes into effect 90 days after it is signed by the Governor and filed with the Secretary of State."

Bill Signings Jan. 4, 2007, Governor's Press Release.  Also see Bricker & Eckler: Insurance and Banking Legislation