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

Famous quotes containing the word privacy:

    “There is a privacy I love in this snowy night.
    Driving around, I will waste more time.”
    —Robert Bly (b. 1926)

    “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)

    “All violations of essential privacy are brutalizing.”
    —Katharine Fullerton Gerould (1879–1944)