The attached final rules, establishing consumer protections for depository institution sales of insurance, were published in the Federal Register on December 4, 2000.

The Office of the Comptroller of the Currency (OCC) published the final rules jointly with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision. The final rules implement Section 305 of the Gramm–Leach –Bliley Act and apply to retail sales practices, solicitations, advertising, or offers of any insurance product by a depository institution or any person who is engaged in such activities at an office of the institution or on behalf of the institution.   The final rules include specific provisions relating to sales practices, disclosures and advertising, the physical separation of banking and nonbanking activities, and domestic violence discrimination.  For the OCC, the final rules will appear at 12 CFR Part 14.

For further information, contact Stuart Feldstein, assistant director, or Michele Meyer, senior attorney, Legislative and Regulatory Activities Division, (202) 874-5090; Asa Chamberlayne, senior attorney, Securities and Corporate Practices Division, (202) 874-5210; Stephanie Boccio, Asset Management, (202) 874-4447; Barbara Washington, Core Policy Development, (202) 874-6037.  Their address is Office of the Comptroller of the Currency, 250 E. Street, SW, Washington, D.C. 20219.

Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel

Related Links

• Final Rules 65 FR 75821