BITS, the technology policy division of the Bank Policy Institute, submitted a comment letter in conjunction with the American Bankers Association and Securities Industry and Financial Markets Association regarding the National Telecommunications and Information Administration’s (NTIA) proposed voluntary privacy framework. The letter affirms the financial services industry’s support for the framework and points out that the principles articulated by the NTIA are already cornerstones in the current legal mandates on financial firms. The letter NTIA to ensure that the proposed framework will ultimately provide a national standard that preempts the current patchwork of state laws.
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