Trott’s Legislation Modernizes Auto Lenders’ Privacy Notification Process & Increases Consumers’ Access to Privacy Info
WASHINGTON – Today, U.S. Representative Dave Trott (MI-11) issued the following statement after the Committee on Financial Services Subcommittee on Financial Institutions held a hearing on the Privacy Notification Technical Clarification Act (H.R. 2396), bipartisan legislation he introduced to modernize the privacy notification process of auto lenders and increase consumers’ access to lender privacy policies:
“This critical legislation finally allows auto lenders to modernize their privacy notification process, cutting down on the high compliance costs they’re forced to pass along to consumers while increasing consumer access to important privacy information. In Michigan, the heartland of our nation’s domestic auto industry, legislation that decreases the burden placed on auto manufacturers and provides greater access to information for automotive consumers is a win-win.”
Rep. Trott’s Privacy Notification Technical Clarification Act has garnered bipartisan support from Reps. Wm. Lacy Clay (D-MO), Brad Sherman (D-CA), Blaine Luetkemeyer (R-MO), Gregory Meeks (D-NY), and Luke Messer (R-IN).