🔐Guidance on Unauthorized Access to Customer Information
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Guidance Regarding Unauthorized Access to Customer Information
Summary
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Guidance Regarding Unauthorized Access to Customer Information." The OCC also is giving notice that it has sent the collection to OMB for review.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$$ - High
The regulation outlines compliance requirements for financial institutions regarding unauthorized access to customer information, which affects business operations, data management practices, and potential liabilities. Businesses must implement specific safeguards under the Gramm-Leach-Bliley Act to protect customer information, impacting their operational processes and legal responsibilities.