BITS 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.
You Might Also Be Interested In...
FinTech & Innovation BPI Calls for Flexibility, Consumer Safeguards in CFPB Proposal on Data Sharing
Consumer Affairs BPI Responds to Consumer Financial Protection Bureau ANPR on Consumer Access to Financial Records
Cybersecurity BPI Files Comment Letter with U.K. Banking Authorities in Response to Operational Resilience Proposals
Bank Governance Cybersecurity: Emerging Challenges and Solutions for the Boards of Financial Services Companies
More Posts by This Author
Bank Conditions and Credit Availability Time To Return To the Regular Rulebook – Economic Uncertainty Is Not Extraordinarily Elevated
COVID-19 Relief BPI and Coalition of Trades Advocate for Economic Impact Payment Protections in American Rescue Plan Act of 2021