WASHINGTON — Federal bank and thrift regulators on Wednesday told bankers not to delay issuing privacy notices out of concern that pending revisions of rules enforcing the Fair Credit Reporting Act would invalidate the notices.

The Gramm-Leach-Bliley Act of 1999 requires institutions to give customers annual statements of their privacy policies, with the first due in July. Some bankers have expressed concern that they would be required to reissue this year’s notices if Fair Credit Reporting Act rules change significantly.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.