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GGD-80-64 1 (1980-05-29)

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RERORT BY THE


Comptroller General


O2TJW4NITED STATES


F       T '


Federal1 Agrhcies• Initial Problems

With The Right To Financial

Privacy Act Of 1978



The Right to Financial Privacy Act sets proce-
dures Federal agencies must follow in order to
obtain access to customers' records maintain-
ed by financial institutions. GAO's review of
the first 6 months under the new law showed
that agencies are taking the proper steps to
carry out its requirements. Some agencies,
however, have had difficulties with several of
the act's provisions. The agencies involved are
currently working to resolve the administra-
tive and interpretative problems connected
with the act.


112667




      GGD-80-64
    MAY 29. 1980


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