Federal Agencies Release Consumer Privacy Guides

Share this content:
Several federal agencies released guides yesterday to help consumers decide whether to allow personal financial information to be shared.


The guides, released in conjunction with National Consumer Protection Week, deal with the choices consumers face resulting from the privacy provisions of the Gramm-Leach-Bliley Act of 1999.


Federal privacy laws give consumers the right to prevent, or opt out of, some sharing of their personal financial information. These laws balance consumers' right to privacy with financial companies' need to provide information for normal business purposes.


The guides will explain the privacy notices that consumers receive from their banks and other financial companies, what choices consumers face, and consumers' right to opt out of information sharing.


The material encourages consumers to do the following:


• Read all privacy notices.


• Get answers to questions from the financial companies that provided the notices.


• Decide whether to opt out.


• If opting out, follow the instructions in the notice and, if necessary, shop around for a financial institution with the privacy policy they want.


Agencies involved include the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Federal Trade Commission, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of the Thrift Supervision and the Securities and Exchange Commission.


Loading links....

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here