Legal Deadline: Final, Statutory, November 12, 2000.
Abstract: The rulemaking, sponsored jointly by the OCC, the FRS, the
FDIC and OTS, implements section 305 of the Gramm-Leach-Bliley Act of
1999, which requires regulations governing retail sales practices,
solicitations, advertising, or offers of any insurance product by a
depository institution or any person that is engaged in such activities
at an office of the institution or on behalf of the institution. In
addition, the rulemaking establishes a consumer grievance process.