Federal Trade Commission:

Privacy of Consumer Financial Information

OGC-00-40: Published: Jun 23, 2000. Publicly Released: Jun 23, 2000.

Multimedia:

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a legislative requirement, GAO reviewed the Federal Trade Commission's (FTC) major rule on the privacy of consumer financial information. GAO noted that: (1) the final rule implements notice requirements and restrictions on a financial institution's ability to disclose nonpublic personal information about consumers to nonaffiliated third parties; (2) the final rule prohibits a financial institution from disclosing such information to nonaffiliated third parties unless the institution satisfies various notice and opt-out requirements and the consumer has not elected to opt out of the disclosure; (3) statutory law requires institutions to provide its customers with a notice of its privacy policies and practices; and (4) FTC complied with applicable requirements in promulgating the rule.

Oct 14, 2014

Sep 22, 2014

Sep 16, 2014

Jul 28, 2014

Jul 23, 2014

Jul 22, 2014

Jul 21, 2014

Jun 26, 2014

Jun 20, 2014

Looking for more? Browse all our products here