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 privacy of reading frees us to entertain the alien.”
—Mason Cooley (b. 1927)