Personally identifiable financial information includes all of the following: Information a consumer provides to a financial institution on an application to obtain a loan, credit card, or other financial product or service. Account balance information, payment history, overdraft history, and credit or debit card purchase information.
Mar 23, 2020 · NCUA’ s recent Letter to Credit Unions 01-CU-02 provided information about requirements relating to consumer financial privacy to assist credit unions in complying with Title V, Section 502, Subtitle A of the Gramm-Leach-Bliley Act (the “Act”). The privacy notice you receive from financial institutions does not have to tell you the names of any specific companies or organizations that may buy or receive your personal information. Only the categories of companies have to be disclosed to you. Regulation P is issued by the Bureau of Consumer Financial Protection to govern the treatment of nonpublic personal information about consumers by the financial institutions. This regulation: 1. Requires a financial institution to provide notice to customers about its privacy policies and practices; 2. Jun 28, 2013 · by: Amanda Nicholson Rhode Island has recently adopted new rules and regulations pertaining to the privacy of consumer financial information. This regulation governs the treatment of all nonpublic financial information about individuals, claimants and beneficiaries of products or services by all insurance licensees of the Rhode Island Department of Business Regulation. (2) a consumer, before the covered entity discloses any nonpublic personal financial information about the consumer to any nonaffiliated third party, if the covered entity makes a disclosure other than as authorized by §22.18 of this title (relating to Exceptions to Notice and Opt Out Requirements for Disclosure of Nonpublic Personal Financial
NCUAs Privacy of Consumer Financial Information | National
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: 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. Under the GLBA, financial companies must tell you about their policies regarding the privacy of your personal financial information. With some exceptions, the law limits the ability of financial companies to share your personal financial information with certain non-affiliates without first notifying you about the sharing and providing you with Table of Contents I. In a Nutshell: What is the Privacy of Consumer Financial Information Rule? II. Why does the Privacy of Consumer Financial Information Rule exist?
Information privacy - Wikipedia
Financial Privacy | Privacy Rights Clearinghouse