Rep. Blaine Luetkemeyer's deputy press secretary, KristinaWeger, confirmed reports that the House is expected to vote todayon H.R. 749, the Eliminate Privacy Notice Confusion Act.
|Weger said the vote on the bill, which is sponsored byLuetkemeyer, is anticipated to occur sometime around 6:30 p.m.EDT.
|The legislation passed the House last December but was not takenup by the Senate.
|If passed, it would eliminate the annual privacy policy mailingrequirement. Instead, financial institutions would only be requiredto mail the disclosure if the policy has changed in the lastyear.
|Credit union lobbyist John McKechnie called the bill a commonsense solution to a real world problem.
|Anticipating the bill will pass the House a second time,McKechnie said, “It's encouraging that Congress is finding issuesto address that don't divide the financial services industry. But,there are still some things they should put on their to-do list forcredit unions, and I'm hopeful we can keep moving in thatdirection.”
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