Banker's Compliance Consulting Blog

Privacy: Annual Notice Exception

Written by Kevin Edwards | Jun 30, 2022 6:32:54 PM

Be sure to JOIN US for our webinar, “Privacy”.

When the Privacy rules came out a little over 20 years ago, they included a requirement to provide a privacy notice at account opening and then also annually thereafter. It seemed a little redundant to have to notify your customers year after year, especially in instances where your privacy practices had not changed since the previous notice. Regulation P was eventually updated to include an exception to the annual notice requirement.

Kevin explains more in the video.

 

Published
2022/06/30