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Sen. Warner Signs on to Privacy Notification Legislation

In a joint letter with other financial trade groups, CUNA urged the Senate to vote on bipartisan legislation (S. 635) to end the redundancy of privacy notices "without further delay and amendment." Sen. Mark Warner's office reports that he was one of the original co-sponsors.

The bill is similar to legislation that passed the U.S. House (H.R. 749) recently by voice vote and with broad bipartisan co-sponsorship, including two Virginians: Reps. Robert Hurt (R-5th) and Jim Moran (D-8th).

However, the Senate bill has some key differences: The Senate bill would require credit unions and other financial institutions to make their privacy policy always accessible in some form in order to qualify for the bill's exemption from sending annual privacy notices.
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Tags: Sen. Mark Warner, privacy notices, S. 635, H.R. 749

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