WASHINGTON - Backing off earlier, stricter interpretations, federal regulators on Thursday said banks may be able to sell some customer data and still comply with privacy protections enacted in the Gramm-Leach-Bliley Act of 1999.

Moving to implement rules scheduled to take effect Nov. 13, the Federal Reserve Board and the Office of the Comptroller of the Currency proposed two ways to define publicly available customer information that would not be subject to the act's privacy protections.

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