A subcommittee of the U.S. House Financial Services Committee will review a draft financial data privacy bill Feb. 8, ACA International reports. The bill, sponsored by U.S. Rep. Patrick McHenry, R-N.C., would expand the scope of the Gramm-Leach-Bliley Act to include new data rules, including allowing consumers to manage how their personal information will be shared with financial institutions. "This proposal will modernize the current framework to better align with evolving technology and protect against the misuse or overuse of consumers' personal information," McHenry said.
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