TAILIEUCHUNG - Privacy of Consumer Financial Information; Final Rule

There are currently 11 state buy-down programs for renewable energy technologies, all of which have been initiated within the past several years. Nearly all of these programs are funded by public benefits funds and administered by the state’s energy office, third-party fund administrator, or individual utilities. All of the buy-down programs fund PV installations, with several states targeting PV exclusively. About half of the programs also support wind technology development. A few programs include solar thermal systems or fuel cells as eligible technologies. Nearly all of the buy-down programs are available to residents and businesses. In addition to. | Wednesday May 24 2000 Part III Federal Trade Commission 16 CFR Part 313 Privacy of Consumer Financial Information Final Rule 33646 Federal Register Vol. 65 No. 101 Wednesday May 24 2000 Rules and Regulations FEDERAL TRADE COMMISSION 16 CFR Part 313 Privacy of Consumer Financial Information AGENCY Federal Trade Commission. action Final Rule. summary The Federal Trade Commission the Commission or FTC is publishing a final privacy rule as required by section 504 a of the Gramm-Leach-Bliley Act Pub. L. 106102 the G-L-B Act or Act with respect to financial institutions and other persons under the Commission s jurisdiction as set forth in section 505 a 7 of the Act. Section 504 of the Act requires the Commission and other federal regulatory agencies to issue regulations as may be necessary to implement notice requirements and restrictions on a financial institution s ability to disclose nonpublic personal information about consumers to nonaffiliated third parties. Pursuant to section 503 of the G-L-B Act a financial institution must provide its customers with a notice of its privacy policies and practices. Section 502 prohibits a financial institution from disclosing nonpublic personal information about a consumer to nonaffiliated third parties unless the institution satisfies various disclosure and opt-out requirements and the consumer has not elected to opt out of the disclosure. This final rule implements the requirements outlined above. EFFECTIVE DATE This rule is effective November 13 2000. Full compliance is required by July 1 2001. foR furthEr information contact Kellie A. Cosgrove or Clarke Brinckerhoff Attorneys Division of Financial Practices Federal Trade Commission Washington DC 20580 202-326-3224. SUPPLEMENTARY INFORMATION Section A. Background On November 12 1999 President Clinton signed the G-L-B Act Public Law 106-102 into law. Subtitle A of Title V of the Act captioned Disclosure of Nonpublic Personal Information limits the instances in which a financial

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