From: Theresa Clarke
Sent: Friday, April 06, 2007 2:35 PM
Subject: Model Privacy Form
ShoreBank is very much in agreement with standardizing the Privacy
Notice, including paper size, font standardization, color, etc. This will
much more user friendly document.
However, one comment ShoreBank would like to make is in regards to the
Notice being provided to the customer in separate one side pages. One of
ShoreBanks core missions is Conservation."
We would make the case that since the notice would be no more than two or
three pages (for Opt Out), that even though the consumer expressed a
preference for a one-sided, side-by-side view of the information, it would
not be that difficult to compare a double sided copy.
For example, in 2006, ShoreBank printed approximately 36,000 Privacy
Notices. We do not have an Opt Out, so our Notice is a brochure size, 4
sided notice (one sheet of folded paper).
If the revised Notice was allowed to be printed double sided, the
following conservation gains would be accomplished (based on a savings of
36,000 sheets of paper):*
4.3 trees would be saved
500 kilowatt hours of electricity would be saved
750 gallons of water would be saved
7.5 pounds of air pollution would be kept out of the air
ShoreBank has 2 Billion dollars in assets. Imagine the above conversation
savings that would be realized by a Bank of America or Wells Fargo, or all
banks for that matter that would be required to use an extra sheet of paper
to produce the new notice.
We strongly recommend printing the option of being able to print a double
*Based on a savings of approximately 36,000 sheets of paper or 9 boxes
40 boxes= 1 ton and 1 ton of recycled paper saves 17.2 trees, 2000
kilowatt hours of electricity, 3000 gallons of water and keeps 30 lbs of air
pollution out of the air (these statistics provided by our secure paper
handling company who partners with a recycling company).
Theresa M. Clarke
7936 S. Cottage Grove
Chicago, Il. 60619