The standard financial privacy statement is issued to virtually
everyone who has a bank account, credit card, mortgage, insurance
policy, etc., which is to say, anyone who does any business with a
financial institution of any kind. Most people have received several
a common form, based upon the sample terms in the Federal Register.
Financial privacy is mandated by two acts of Congress, the Fair Credit
Reporting Act (FCRA) and the Gramm-Leach-Bliley Act (GLBA), and the
enabling Rules and Regulations for the Federal Trade Commission (16
CFR Part 313, Privacy of Consumer Financial Information; Final Rule).
Example of the Privacy Statement
[with sample paragraphs]
Federal Trade Commission
16 CFR Part 313
Privacy of Consumer Financial Information; Final Rule
See especially Appendix A to Part 313?Sample Clauses.
Alternative Proposed Standard Forms
75164 Federal Register/Vol. 68, No. 249/Tuesday, December 30, 2003/Proposed Rules
Fair Credit Reporting Act
The Gramm-Leach-Bliley Act
Privacy of Consumer Financial Information
15 USC, Subchapter I, Sec. 6801-6809
Disclosure of Nonpublic Personal Information
Gramm-Leach-Bliley Frequently Asked Questions
Privacy Choices for Your Personal Financial Information