Bank Regulation in The United States - Privacy

Privacy

Further information: Right to Financial Privacy Act

Regulation P governs the use of a customer's private data. Banks and other financial institutions must inform a consumer of their policy regarding personal information, and must provide an "opt-out" before disclosing data to a non-affiliated third party. The regulation was enacted in 1999.

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Famous quotes containing the word privacy:

    “Far from being the basis of the good society, the family, with its narrow privacy and tawdry secrets, is the source of all our discontents.”
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    “There is a privacy I love in this snowy night.
    Driving around, I will waste more time.”
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