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Financial Privacy Rule (Subtitle A: Disclosure of Nonpublic Personal Information), codified at 15 U.S.C. §6801-09).
The "Financial Privacy Rule" requires financial institutions to provide each consumer with a privacy notice at the time the consumer relationship is established and annually thereafter. The privacy notice must explain the information collected about the consumer, where that information is shared, how that information is used, and how that information is protected. The notice must also identify the consumer's right to opt-out of the information being shared with unaffiliated parties per the Fair Credit Reporting Act.
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