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:
“A new father quickly learns that his child invariably comes to the bathroom at precisely the times when he’s in there, as if he needed company. The only way for this father to be certain of bathroom privacy is to shave at the gas station.”
—Bill Cosby (20th century)
“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)
“The East is the hearthside of America. Like any home, therefore, it has the defects of its virtues. Because it is a long-lived-in house, it bursts its seams, is inconvenient, needs constant refurbishing. And some of the family resources have been spent. To attain the privacy that grown-up people find so desirable, Easterners live a harder life than people elsewhere. Today it is we and not the frontiersman who must be rugged to survive.”
—Phyllis McGinley (1905–1978)