The repeal of Glass-Steagall allowed mergers between different types of financial institutions to occur, which enabled increased efficiency in the dissemination of financial information. To promote consumer privacy, the Gramm-Leach-Bliley Act included regulations to limit the ways in which companies handled and shared financial data.
part 160—privacy of consumer financial information under title v of the gramm-leach-bliley act end part start amendment part. 1. Information about a person's financial transactions, including the amount of assets, positions held in stocks or funds, outstanding debts, and purchases can be sensitive. If criminals gain access to information such as a person's accounts or credit card numbers, that person could become the victim of fraud or identity theft. Information about a A financial institution must provide its customers with a notice of its privacy policies and practices, and must not disclose nonpublic personal information about a consumer to unaffiliated third • A financial institution must provide a notice of its privacy policies and practices with respect to both affiliated and nonaffiliated third parties, and allow the consumer to opt out of the disclosure of the consumer’s personal financial information about an individual described in Item (i), (ii) or (iii), other than as permitted under Sections 15, 16 and 17 of this regulation, such an individual is not the consumer of the licensee solely because he or she is:
Relates to consumer protection, enacts the consumer information privacy act, provides definitions, establishes consumer rights, establishes obligations for businesses that collect or use personal consumer information, provides for promulgation of rules, establishes civil causes of action, provides penalties, establishes the consumer privacy
Privacy of Consumer Financial Information (Regulation S-P A financial institution must provide its customers with a notice of its privacy policies and practices, and must not disclose nonpublic personal information about a consumer to unaffiliated third How To Comply with the Privacy of Consumer Financial This form, distributed by the U.S. Federal Trade Commission, is for financial companies to use as a model consumer privacy notice. The form aims to assist financial companies in more transparently disclosing to consumers how and why they collect, share and use certain personal information.
ARTICLE 45-14 CONSUMER PRIVACY CHAPTER 45-14-01 …
w A financial institution must provide a notice of its privacy policies, and allow the consumer to opt out of the disclosure of the consumer’s nonpublic personal information, to a nonaffiliated third party if the disclosure is outside of the exceptions part 160—privacy of consumer financial information under title v of the gramm-leach-bliley act end part start amendment part. 1. Information about a person's financial transactions, including the amount of assets, positions held in stocks or funds, outstanding debts, and purchases can be sensitive. If criminals gain access to information such as a person's accounts or credit card numbers, that person could become the victim of fraud or identity theft. Information about a A financial institution must provide its customers with a notice of its privacy policies and practices, and must not disclose nonpublic personal information about a consumer to unaffiliated third • A financial institution must provide a notice of its privacy policies and practices with respect to both affiliated and nonaffiliated third parties, and allow the consumer to opt out of the disclosure of the consumer’s personal financial information about an individual described in Item (i), (ii) or (iii), other than as permitted under Sections 15, 16 and 17 of this regulation, such an individual is not the consumer of the licensee solely because he or she is: