Banks Renew Paperwork for Protecting Your Financial Privacy Info
Published Date: 4/6/2026
Notice
Summary
The Office of the Comptroller of the Currency (OCC) is renewing its paperwork about how banks protect your financial privacy. They want your thoughts by May 6, 2026, to keep things clear and simple. This renewal helps make sure banks follow privacy rules without adding extra hassle or costs.
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
Banks Cannot Share Your Data Without Opt-Out
A bank may not disclose your nonpublic personal information to nonaffiliated third parties unless it has given you an initial notice, an opt-out notice, given you a reasonable chance to opt out, and you have not opted out. You can direct a full opt out or a partial opt out for specific data or third parties.
Compliance Burden for Banks Estimated
The OCC estimates this information collection affects 2,451,569 respondents and will cause a total annual burden of 625,291 hours. The OCC is renewing OMB Control No. 1557-0216 and is accepting comments through May 6, 2026.
Banks Must Give Privacy Notices
You must be given a clear initial privacy notice when you become a customer and a clear annual privacy notice at least once a year while you stay a customer. Banks must also provide a revised notice before they disclose your nonpublic personal information in a way that differs from earlier notices.
You Can Opt Out Easily and Persistently
You have the right to opt out at any time, including partial opt outs, and your opt-out direction stays in effect after a customer relationship ends unless you revoke it. Banks must provide reasonable ways to opt out, such as check-off boxes, reply forms, electronic methods, or a toll-free number.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-08143 — Streamlining Regulations Concerning Public Welfare Investments, Open Market Collateralized Loan Obligations, and Federal Savings Association Nondiscrimination Requirements
The Treasury’s Office of the Comptroller of the Currency wants to simplify some banking rules by removing outdated or confusing parts. This affects banks, loan arrangers, and federal savings groups by cutting unnecessary steps and duplications, making things clearer and easier. Comments on these changes are open until May 27, 2026, and the updates aim to save time and reduce hassle without extra costs.
2025-21626 — Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-08444 — Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Recordkeeping Requirements for Securities Transactions
The Office of the Comptroller of the Currency (OCC) is renewing its paperwork rules for keeping records of securities transactions. This affects banks and financial firms who must keep these records up to date. They’re asking for public comments by June 1, 2026, to make sure the rules stay clear and not too burdensome, with no new fees or big changes expected.
2026-08328 — National Bank Non-Interest Charges and Fees
Starting June 30, 2026, national banks can clearly charge all kinds of non-interest fees, like card swipe fees, even if set with help from others. This rule makes it official that banks have the power to collect these fees, and the public can share their thoughts until May 29, 2026. If you use or work with banks, this could affect the fees you see on your statements!
2026-08341 — Order Preempting the Illinois Interchange Fee Prohibition Act
The government says Illinois can’t stop national banks from charging fees on certain parts of card payments, like taxes and tips. This change starts June 30, 2026, and affects banks and customers in Illinois by allowing these fees again. People can share their thoughts on this decision until May 29, 2026.
2026-08298 — Regulatory Capital Rule: Community Bank Leverage Ratio Framework
Starting July 1, 2026, small community banks can meet a lower leverage ratio of 8% instead of 9%, making it easier to qualify for a simpler capital rule. Plus, banks now have more time—up to four straight quarters instead of two—to stay in this easier framework even if they don’t meet all the rules, helping them manage their money better without rushing. This change helps community banks save time and money while keeping things safe and sound.
Previous / Next Documents
Previous: 2026-06565 — Sunshine Act Meetings
The Nuclear Regulatory Commission (NRC) is sharing its public meeting schedule for April and early May 2026, with most weeks quiet but a few key meetings planned. These meetings cover important topics like medical isotope use, workplace fairness, and nuclear fuel management. Anyone interested can join in person or online, with accommodations available for disabilities—no cost changes or deadlines to worry about, just open access and transparency!
Next: 2026-06559 — Steel Concrete Reinforcing Bar From the Republic of Türkiye: Final Results of the Antidumping Duty Administrative Review; 2023-2024
The U.S. Department of Commerce found that some Turkish companies sold steel concrete reinforcing bars (rebar) in the U.S. for less than fair value from July 2023 to June 2024. This means certain importers might have to pay extra duties starting April 6, 2026, to level the playing field. If you’re involved in importing or selling this rebar, keep an eye on these changes—they could affect prices and costs soon!