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:
“The privacy of reading frees us to entertain the alien.”
—Mason Cooley (b. 1927)
“You may well ask how I expect to assert my privacy by resorting to the outrageous publicity of being one’s actual self on paper. There’s a possibility of it working if one chooses the terms, to wit: outshouting image-gimmick America through a quietly desperate search for self.”
—Kate Millett (b. 1934)
“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)