Last week, the American Bankers Insurance Association hosted a Compliance Webinar on Privacy. This month’s Compliance Webinar focused on consumer privacy and the information sharing restrictions in federal law and regulations. The Gramm-Leach-Bliley Act and the Fair Credit Reporting Act require certain disclosures and opt-out opportunities when financial institutions, including insurance agencies, share customer nonpublic personal information with outside parties and affiliates, respectively. The webinar provided an overview of the regulators’ privacy expectations, when to provide privacy disclosures, what information is required in the disclosures, when an opt-out opportunity is required, and recent regulatory changes to when an annual privacy notice must be provided.
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Download the recording.
Want to learn more about upcoming ABIA Compliance Webinars and Discussion Groups? Contact us and view our website.