S 3164 Privacy Notification Technical Clarification Act

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About S.3164

Privacy Notification Technical Clarification Act This bill amends the Gramm-Leach-Bliley Act to exempt a vehicle financial company, under specified circumstances, from the requirement to annually disclose its privacy policies to consumers. A vehicle financial company shall be exempt from such requirement if:

• (1) the company has not changed its privacy policies since its last disclosure,
• (2) the current policy is available on its website and via mail,
• (3) notice is provided to customers regarding availability of the company's privacy policies, and
• (4) the company gives customers the ability to opt out of having personal information disclosed to third parties.