Friday,
October 20, 2000
Part II
Department of the
Treasury
Office of the Comptroller of the
Currency
Office of Thrift Supervision
Federal Reserve System
Federal Deposit
Insurance Corporation
12 CFR Parts 41, 222, 334 and 571
Fair Credit Reporting Regulations;
Proposed Rule
VerDate 11<MAY>2000 13:23 Oct 19, 2000 Jkt 194001 PO 00000 Frm 00001 Fmt 4737 Sfmt 4737 E:\FR\FM\20OCP2.SGM pfrm04 PsN: 20OCP2
October 20, 2000
Part II
Department of the
Treasury
Office of the Comptroller of the
Currency
Office of Thrift Supervision
Federal Reserve System
Federal Deposit
Insurance Corporation
12 CFR Parts 41, 222, 334 and 571
Fair Credit Reporting Regulations;
Proposed Rule
VerDate 11<MAY>2000 13:23 Oct 19, 2000 Jkt 194001 PO 00000 Frm 00001 Fmt 4737 Sfmt 4737 E:\FR\FM\20OCP2.SGM pfrm04 PsN: 20OCP2
63120 Federal Register / Vol. 65, No. 204 / Friday, October 20, 2000 / Proposed Rules
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 41
[Docket No. 00–20]
RIN 1557–AB78
FEDERAL RESERVE SYSTEM
12 CFR Part 222
[Regulation V; Docket No. R–1082]
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 334
RIN 3064–AC35
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Part 571
[Docket No. 2000–81]
RIN 1550–AB33
Fair Credit Reporting Regulations
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision, Treasury
(OTS).
ACTION: Joint notice of proposed
rulemaking.
SUMMARY: The OCC, Board, FDIC, and
OTS (Agencies) are publishing for
comment proposed regulations
implementing the provisions of the Fair
Credit Reporting Act (FCRA) that permit
institutions to communicate consumer
information to their affiliates (affiliate
information sharing) without incurring
the obligations of consumer reporting
agencies. These provisions authorize
institutions to communicate among
their affiliates: Information as to
transactions or experiences between the
consumer and the person making the
communication (transaction or
experience information); and ‘‘other’’
information (that is, information
covered by the FCRA but not transaction
or experience information), provided
that the institution has given notice to
the consumer that the other information
may be communicated, the institution
has provided the consumer an
opportunity to ‘‘opt out’’ (i.e., to direct
that the information not be
communicated), and the consumer has
not opted out. The proposed regulations
explain how to comply with the affiliate
information sharing provisions,
addressing such matters as the content
and delivery of the notice to consumers
that ‘‘other’’ information may be
communicated (opt out notice). The
proposed regulations also implement
certain related provisions. The Agencies
have attempted to conform these
proposed regulations to the final
regulations implementing the privacy
provisions of the Gramm-Leach-Bliley
Act whenever feasible.
DATES: Comments must be received by
December 4, 2000.
ADDRESSES: Comments should be
directed to:
OCC: Communications Division,
Office of the Comptroller of the
Currency, 250 E Street, SW.,
Washington, D.C. 20219, Attention:
Docket No. 00–20; FAX number (202)
874–5274 or Internet address:
regs.comments@occ.treas.gov.
Comments may be inspected and
photocopied at the OCC’s Public
Reference Room, 250 E Street, SW.,
Washington D.C. between 9:00 a.m. and
5:00 p.m. on business days. You can
make an appointment to inspect the
comments by calling (202) 874–5043.
Board: Comments, which should refer
to Docket No. R–1082, may be mailed to
Ms. Jennifer J. Johnson, Secretary, Board
of Governors of the Federal Reserve
System, 20th and C Streets, NW.,
Washington, D.C. 20551 or mailed
electronically to
regs.comments@federalreserve.gov.
Comments addressed to Ms. Johnson
also may be delivered to the Board’s
mail room between 8:45 a.m. and 5:15
p.m. and to the security control room
outside of those hours. Both the mail
room and the security control room are
accessible from the courtyard entrance
on 20th Street between Constitution
Avenue and C Street, NW. Comments
may be inspected in Room MP–500
between 9:00 a.m. and 5:00 p.m.,
pursuant to § 261.12, except as provided
in § 261.14, of the Board’s Rules
Regarding the Availability of
Information, 12 CFR 261.12 and 261.14.
FDIC: Send written comments to
Robert E. Feldman, Executive Secretary,
Attention: Comments/OES, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
Comments may be hand delivered to the
guard station at the rear of the 17th
Street building (located on F Street) on
business days between 7 a.m. and 5 p.m.
(FAX number (202) 898–3838).
Comments may be inspected and
photocopied in the FDIC Public
Information Center, Room 100, 801 17th
Street, NW., Washington, DC 20429,
between 9:00 a.m. and 4:30 p.m. on
business days.
Comments may be submitted to the
FDIC electronically over the Internet at
www.fdic.gov. Further information
concerning this option may be found
below at ‘‘FDIC’s Electronic Public
Comment Site.’’ Comments also may be
mailed electronically to
comments@fdic.gov.
OTS: Mail: Send comments to
Manager, Dissemination Branch,
Information Management and Services
Division, Office of Thrift Supervision,
1700 G Street, NW., Washington, DC
20552, Attention Docket No. 2000–81.
Delivery: Hand deliver comments to
the Guard’s Desk, East Lobby Entrance,
1700 G Street, NW., from 9:00 a.m. to
4:00 p.m. on business days, Attention
Docket No. 2000–81.
Facsimiles: Send facsimile
transmissions to FAX Number (202)
906–7755, Attention Docket No. 2000–
81; or (202) 906–6956 (if comments are
over 25 pages).
E-Mail: Send e-mails to
‘‘public.info@ots.treas.gov’’, Attention
Docket No. 2000–81, and include your
name and telephone number.
Public Inspection: Interested persons
may inspect comments at the Public
Reference Room, 1700 G St. N.W., from
10:00 a.m. until 4:00 p.m. on Tuesdays
and Thursdays or obtain comments and/
or an index of comments by facsimile by
telephoning the Public Reference Room
at (202) 906–5900 from 9:00 a.m. until
5:00 on business days. Comments and
the related index will also be posted on
the OTS Internet Site at
‘‘www.ots.treas.gov’’.
FOR FURTHER INFORMATION CONTACT:
OCC: Amy Friend, Assistant Chief
Counsel, (202) 874–5200; Michael
Bylsma, Director, Community and
Consumer Law, (202) 874–5750;
Stephen Van Meter, Senior Attorney,
Community and Consumer Law, (202)
874–5750; Carol Workman, Compliance
Specialist, Community and Consumer
Policy, (202) 874–4858; Deborah Katz,
Senior Attorney, Legislative and
Regulatory Activities Division, (202)
874–5090; or Jeffery Abrahamson,
Attorney, Enforcement and Compliance,
(202) 874–4800, Office of the
Comptroller of the Currency, 250 E
Street, SW., Washington, DC 20219.
Board: James H. Mann, Senior
Attorney, (202) 452–2412; or David A.
Stein, Attorney, (202) 452–3667,
Division of Consumer and Community
Affairs. For the hearing impaired only,
contact Janice Simms,
Telecommunications Device for the Deaf
(TDD) (202) 872–4984, Board of
Governors of the Federal Reserve
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
12 CFR Part 41
[Docket No. 00–20]
RIN 1557–AB78
FEDERAL RESERVE SYSTEM
12 CFR Part 222
[Regulation V; Docket No. R–1082]
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 334
RIN 3064–AC35
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
12 CFR Part 571
[Docket No. 2000–81]
RIN 1550–AB33
Fair Credit Reporting Regulations
AGENCIES: Office of the Comptroller of
the Currency, Treasury (OCC); Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision, Treasury
(OTS).
ACTION: Joint notice of proposed
rulemaking.
SUMMARY: The OCC, Board, FDIC, and
OTS (Agencies) are publishing for
comment proposed regulations
implementing the provisions of the Fair
Credit Reporting Act (FCRA) that permit
institutions to communicate consumer
information to their affiliates (affiliate
information sharing) without incurring
the obligations of consumer reporting
agencies. These provisions authorize
institutions to communicate among
their affiliates: Information as to
transactions or experiences between the
consumer and the person making the
communication (transaction or
experience information); and ‘‘other’’
information (that is, information
covered by the FCRA but not transaction
or experience information), provided
that the institution has given notice to
the consumer that the other information
may be communicated, the institution
has provided the consumer an
opportunity to ‘‘opt out’’ (i.e., to direct
that the information not be
communicated), and the consumer has
not opted out. The proposed regulations
explain how to comply with the affiliate
information sharing provisions,
addressing such matters as the content
and delivery of the notice to consumers
that ‘‘other’’ information may be
communicated (opt out notice). The
proposed regulations also implement
certain related provisions. The Agencies
have attempted to conform these
proposed regulations to the final
regulations implementing the privacy
provisions of the Gramm-Leach-Bliley
Act whenever feasible.
DATES: Comments must be received by
December 4, 2000.
ADDRESSES: Comments should be
directed to:
OCC: Communications Division,
Office of the Comptroller of the
Currency, 250 E Street, SW.,
Washington, D.C. 20219, Attention:
Docket No. 00–20; FAX number (202)
874–5274 or Internet address:
regs.comments@occ.treas.gov.
Comments may be inspected and
photocopied at the OCC’s Public
Reference Room, 250 E Street, SW.,
Washington D.C. between 9:00 a.m. and
5:00 p.m. on business days. You can
make an appointment to inspect the
comments by calling (202) 874–5043.
Board: Comments, which should refer
to Docket No. R–1082, may be mailed to
Ms. Jennifer J. Johnson, Secretary, Board
of Governors of the Federal Reserve
System, 20th and C Streets, NW.,
Washington, D.C. 20551 or mailed
electronically to
regs.comments@federalreserve.gov.
Comments addressed to Ms. Johnson
also may be delivered to the Board’s
mail room between 8:45 a.m. and 5:15
p.m. and to the security control room
outside of those hours. Both the mail
room and the security control room are
accessible from the courtyard entrance
on 20th Street between Constitution
Avenue and C Street, NW. Comments
may be inspected in Room MP–500
between 9:00 a.m. and 5:00 p.m.,
pursuant to § 261.12, except as provided
in § 261.14, of the Board’s Rules
Regarding the Availability of
Information, 12 CFR 261.12 and 261.14.
FDIC: Send written comments to
Robert E. Feldman, Executive Secretary,
Attention: Comments/OES, Federal
Deposit Insurance Corporation, 550 17th
Street, NW., Washington, DC 20429.
Comments may be hand delivered to the
guard station at the rear of the 17th
Street building (located on F Street) on
business days between 7 a.m. and 5 p.m.
(FAX number (202) 898–3838).
Comments may be inspected and
photocopied in the FDIC Public
Information Center, Room 100, 801 17th
Street, NW., Washington, DC 20429,
between 9:00 a.m. and 4:30 p.m. on
business days.
Comments may be submitted to the
FDIC electronically over the Internet at
www.fdic.gov. Further information
concerning this option may be found
below at ‘‘FDIC’s Electronic Public
Comment Site.’’ Comments also may be
mailed electronically to
comments@fdic.gov.
OTS: Mail: Send comments to
Manager, Dissemination Branch,
Information Management and Services
Division, Office of Thrift Supervision,
1700 G Street, NW., Washington, DC
20552, Attention Docket No. 2000–81.
Delivery: Hand deliver comments to
the Guard’s Desk, East Lobby Entrance,
1700 G Street, NW., from 9:00 a.m. to
4:00 p.m. on business days, Attention
Docket No. 2000–81.
Facsimiles: Send facsimile
transmissions to FAX Number (202)
906–7755, Attention Docket No. 2000–
81; or (202) 906–6956 (if comments are
over 25 pages).
E-Mail: Send e-mails to
‘‘public.info@ots.treas.gov’’, Attention
Docket No. 2000–81, and include your
name and telephone number.
Public Inspection: Interested persons
may inspect comments at the Public
Reference Room, 1700 G St. N.W., from
10:00 a.m. until 4:00 p.m. on Tuesdays
and Thursdays or obtain comments and/
or an index of comments by facsimile by
telephoning the Public Reference Room
at (202) 906–5900 from 9:00 a.m. until
5:00 on business days. Comments and
the related index will also be posted on
the OTS Internet Site at
‘‘www.ots.treas.gov’’.
FOR FURTHER INFORMATION CONTACT:
OCC: Amy Friend, Assistant Chief
Counsel, (202) 874–5200; Michael
Bylsma, Director, Community and
Consumer Law, (202) 874–5750;
Stephen Van Meter, Senior Attorney,
Community and Consumer Law, (202)
874–5750; Carol Workman, Compliance
Specialist, Community and Consumer
Policy, (202) 874–4858; Deborah Katz,
Senior Attorney, Legislative and
Regulatory Activities Division, (202)
874–5090; or Jeffery Abrahamson,
Attorney, Enforcement and Compliance,
(202) 874–4800, Office of the
Comptroller of the Currency, 250 E
Street, SW., Washington, DC 20219.
Board: James H. Mann, Senior
Attorney, (202) 452–2412; or David A.
Stein, Attorney, (202) 452–3667,
Division of Consumer and Community
Affairs. For the hearing impaired only,
contact Janice Simms,
Telecommunications Device for the Deaf
(TDD) (202) 872–4984, Board of
Governors of the Federal Reserve
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