I need to create a privacy statement for a fringe benefit plan. Where
can I get the boilerplate text I need? This would be a privacy
statement provided to employees participating in the plan. (I am
assuming there is a federal law that requires a privacy statement.
Perhaps it would be good to have a copy of this, too.)

The plan is for employees working on a Davis-Bacon or other prevailing
wage contract. The plan sets aside the fringe portion of the
employee's pay into an account while the employee is working. When the
employee is laid off, he can receive funds from the account as a
supplemental unemployment benefit.

The standard financial privacy statement is issued to virtually
everyone who has a bank account, credit card, mortgage, insurance
policy, etc., which is to say, anyone who does any business with a
financial institution of any kind. Most people have received several
of these statements of privacy policy in the post, and they all follow
a common form, based upon the sample terms in the Federal Register.

Financial privacy is mandated by two acts of Congress, the Fair Credit
Reporting Act (FCRA) and the Gramm-Leach-Bliley Act (GLBA), and the
enabling Rules and Regulations for the Federal Trade Commission (16
CFR Part 313, Privacy of Consumer Financial Information; Final Rule).

Example of the Privacy Statement

Privacy Statement
http://www.standardfederalbank.com/privacy_statement.html


Federal Register
[with sample paragraphs]
Federal Trade Commission
16 CFR Part 313
Privacy of Consumer Financial Information; Final Rule
http://www.ftc.gov/os/2000/05/65fr33645.pdf

See especially Appendix A to Part 313?Sample Clauses.


Alternative Proposed Standard Forms
75164 Federal Register/Vol. 68, No. 249/Tuesday, December 30, 2003/Proposed Rules
http://www.ftc.gov/os/2003/12/031223anprfinalglbnotices.pdf


The Laws

Fair Credit Reporting Act
http://www.ftc.gov/os/statutes/fcra.htm

Gramm-Leach-Bliley Act
http://www.keytlaw.com/Links/glbact.htm

The Gramm-Leach-Bliley Act
Privacy of Consumer Financial Information
http://www.ftc.gov/privacy/glbact/glboutline.pdf

Gramm-Leach-Bliley Act
15 USC, Subchapter I, Sec. 6801-6809
Disclosure of Nonpublic Personal Information
http://www.ftc.gov/privacy/glbact/glbsub1.htm

Gramm-Leach-Bliley Frequently Asked Questions
http://www.ftc.gov/privacy/glbact/glb-faq.htm


Federal Reserve

Privacy Choices for Your Personal Financial Information
http://www.federalreserve.gov/pubs/privacy/privacybrochure.pdf


SEARCH TERMS

://www.google.com/search?hl=en&ie=ISO-8859-1&q=financial+privacy+statement+standard&btnG=Google+Search
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&safe=off&q=financial+privacy+statement++Federal+Reserve&btnG=Google+Search
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&safe=off&q=Fair+Credit+Reporting+Act&btnG=Google+Search
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&safe=off&q=Gramm+Leach+Bliley+Act&btnG=Google+Search

hlabadie-ga

The researcher did a good job in summarizing the information and
referring to the federal laws that govern privacy statements.The
received the answer very promptly.

Would this be for a website or like a non disclosure agreement?