Home > Regulation & Examinations >
Laws & Regulations > FDIC
Federal Register Citations
FDIC Federal Register Citations
First Co Bancorp, Inc.
The proposed Privacy Notice not only requires banks to change the notice that they are currently using but completely restructures the format, size and number of pages of the notice. That means we will need to completely change our current Privacy Notice. This will also cause additional expense to an already expensive process in areas such as salary, printing fees, postage and wasted paper. Plus, with the proposed Privacy Notice printed only on one side of the page, opportunities for banks to use all available space to share information with our customers will be lost.
In addition to the changes and expense that the banks will be responsible for, consumers will have to adjust to yet another change in the information that they receive. We feel that this will not only be burdensome to banks but confusing to customers.
|Last Updated 04/30/2007||Regs@fdic.gov|