The House voted 275-146 in favor of a CUNA-backed bill Thursday that would provide privacy notice clarity. The Privacy Notice Technical Clarification Act (H.R. 2396) would update the Gramm-Leach-Bliley Act to update the exception for certain annual notices provided by financial institutions.
CUNA previously saw a victory in 2015 when President Barack Obama signed a highway funding bill into law, a bill that included provisions modernizing privacy notice requirements. H.R. 2396 would provide further clarifications.