President Clinton and Treasury Secretary Robert E. Rubin are expected today to unveil a broad plan to safeguard consumer privacy and expand lender disclosures.

Specifics remain closely held, but a March 18 draft obtained by American Banker suggested a variety of new and recycled proposals affecting credit cards, mortgages, automated teller machines, and other consumer finance tools.

Bank trade groups have expressed trepidation about the plan, known as the Consumer Financial Privacy and Consumer Protection Initiative. In particular, they worry that it will support restrictions on the sharing of so-called "experience" and transaction data among banks and their affiliates.

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