The Honorable Debbie Stabenow
United States Senate
Washington, D.C. 20510-2204

Dear Senator:

We are responding to your letter regarding the extent to which financial institutions may disclose information about their customers to the Michigan Family Independence Agency (FIA) in connection with preventing the abuse and exploitation of adults. In particular, you asked whether a financial institution in Michigan may report to the FIA incidents of financial exploitation, which entails disclosing nonpublic personal information about its customers, without violating the privacy provisions of the Gramm-Leach-Bliley Act (GLBA) and the agencies’ respective regulations. Our response to the issues raised in your letter is enclosed

We hope this information is useful.

Sincerely,

Alan Greenspan Chairman Board of Governors of the Federal Reserve System	Donald E. Powell Chairman Federal Deposit Insurance Corporation
Dennis Dollar Chairman National Credit Union Administration	John D. Hawke, Jr. Comptroller of the Currency Officer of the Comptroller of the Currency
James E. Gilleran Director Office of Thrift Supervision	Harvey L. Pitt Chairman Securities and Exchange Commission
J. Howard Beales, III Director Bureau of Consumer Protection Federal Trade Commission