Privacy
Further information: Right to Financial Privacy ActRegulation 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.
Read more about this topic: Bank Regulation In The United States
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.”
—Sir Edmund Leach (20th century)
“Isn’t privacy about keeping taboos in their place?”
—Kate Millet (b. 1934)
“The emphasis must be not on the right to abortion but on the right to privacy and reproductive control.”
—Ruth Bader Ginsberg (b. 1933)