WASHINGTON - Responding to industry pressure, federal regulators next week will postpone until July 1, 2001, the effective date of consumer privacy protections required under the Gramm-Leach-Bliley Act of 1999, according to sources.

The protections were originally scheduled to take effect in November. A delay will give financial firms eight extra months before they are required to notify customers of their privacy policies and give them an opportunity to block the sharing of information with third parties. Information could not be shared until 30 days after notices are mailed.

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