Questions and Answers on the Privacy Provisions of the Gramm-Leach-Bliley Act (Jan 2002)

May, 2002

$45.00

Why does the Privacy Rule sometimes refer to consumers and other times to customers? Aren’t customers also consumers? All customers are consumers, but not all consumers are customers. The rule distinguishes consumers from customers because it is the banks responsibilities to provide notices to consumers and to customers differ in several respects.