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.

Read more about this topic:  Bank Regulation In The United States

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