From:
Dion Koop
Sent: Thursday, August 05, 2004 1:01 PM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov;
regs.comments@ots.treas.gov
Subject: EGRPRA
The requirement
to provide an annual privacy notice (even short form) to our customers
proves to be quite costly and seemingly unnecessary. To maintain
disclosure to customers and limit bank time and monetary expenses,
it would be better to amend disclosure requirement to: 1) at the
time a relationship is established; and 2) to all customer/consumers
if an institution changes its privacy policy since initial disclosure
was provided.
Mr. Dion P. Koop,
VP/CFO
Cottage Savings Bank
Cincinnati, Ohio