Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations

FDIC Federal Register Citations

Date Submitted: Jun 14, 2004

Mr. Alan Glaros
Private citizen


I am in favor of the new provisions proposed for privacy disclosures, although I believe that the proposed regulations are weak. The "opt out" provision is better than no consumer choice whatsoever. However, as implemented by companies, "opt out" is often a time-consuming, multi-step process. It appears that "opt out" provisions are not permanent and must be renewed. I believe that the burden should not be on the consumer to have to go through a complicated "opt out" process. Rather, the choice should be the consumer's via an "opt in" option. That said, a weak "opt out" process is better than nothing.

Last Updated 06/16/2004

Skip Footer back to content