From: <yl2200@columbia.edu>
  To  : <cpc@emoglen.law.columbia.edu>
  Date: Wed, 04 May 2005 10:11:22 -0400

RE: Lawyers Seek Pass From Privacy Law

The Gramm-Leach-Bliley Act regulates information privacy in
financial services sector,and would preempt state privacy acts. The
GLB Act as well as the Regulation P, promulgated by the FRB,SEC, and
FTC, etc., under the authorization of the GLBA, impose few limits on
the collection and sharing of information by financial institutions.
If you're interested, you may check the followings

The GLB Act, Title V,
Subtitle A ¡V Disclosure of Nonpublic Personal Information and
Subtitle B ¡V Fraudulent Access to Financial Information.

12 CFR 216, Privacy of Consumer Financial Information (Regulation P)
http://www.federalreserve.gov/regulations/cg/regpcg.htm
http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=635f26c4af3e2fe4327fd25ef4cb5638&tpl=/ecfrbrowse/Title12/12cfr216 main 02.tpl

proposed amendment
http://www.federalreserve.gov/BoardDocs/Press/bcreg/2003/20031223/default.htm

17 CFR 248, Privacy of Consumer Financial Information (Regulation
S-P),
http://www.sec.gov/rules/final/34-42974.htm

Yu-Ting

Quoting Asma Chandani <asc2106@columbia.edu>:


>
> I'm not familiar with the GLB Act, but from what I gather, the
> concern
> is that this Act would actually preempt state privacy acts that
> may
> confer more rights on clients? And what sorts of privacy rights
> will be
> compromised here? Clue me in?
>
>
>
> -----Original Message-----
> From: owner-cpc@emoglen.law.columbia.edu
> [mailto:owner-cpc@emoglen.law.columbia.edu] On Behalf Of Jeremy
> Robinson
> Sent: Wednesday, May 04, 2005 8:27 AM
> To: CPC@emoglen.law.columbia.edu
> Subject: Lawyers Seek Pass From Privacy Law
>
>
> Lawyers Seek Pass From Privacy Law
> Legal Times
>
> Enough already! That's what the ABA and others will argue
> Thursday as
> they
> ask the D.C. Circuit to rule that the FTC has no right to hold
> lawyers
> to
> privacy provisions in the Gramm-Leach-Bliley Act. The litigation
> is the
> latest sign of lawyers' fervent belief that state laws should
> hold the
> strongest sway over their professional conduct. Says legal ethics
> counsel
> Michael Frisch, "When the federal government threatens to impinge
> on the
>
> way lawyers do business, there is always going to be resistance."
>
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