Finance & markets · 29/05/2014

Federal Reserve Board Repeals Regulation P, Transferring Authority to Bureau of Consumer Financial Protection

The Federal Reserve Board is repealing its Regulation P, which implemented the privacy provisions of the Gramm-Leach-Bliley Act, due to the transfer of rulemaking authority to the Bureau of Consumer Financial Protection under the Dodd-Frank Act. The Bureau has since established its own Regulation P to cover the same entities.