Oversight Hearing On Financial Privacy and the Gramm-Leach-Bliley Financial Services Modernization Act

ongress knew that the 1999 Gramm-Leach Bliley Financial Services Modernization Act (GLBA) - a law long-sought by the financial industry to encourage the creation of integrated financial services firms -- would exacerbate already-identified financial privacy threats. So  Congress incorporated Title V to protect financial privacy, which included the following five key provisions. The most important and most successful is the last: the fail-safe states' rights provision allowing states to enact stronger financial privacy laws.

Opt Out Sample of Sharing Financial Information Letter


[Date]

[Your address]

[Name of company]

[Company's address as shown in the privacy notice]

RE: Opt-Out Instructions for Account #______________

Dear [name if given in the privacy notice]:

Following are my instructions with regard to your information sharing and sales policies:

1. You do not have my permission to share my personally identifiable information with
nonaffiliated third party companies or individuals. I am asserting my rights under the

Protecting Financial Privacy: The Burden Is on You

Fact Sheet 24Protecting Financial Privacy:
The Burden Is on You

Financial Privacy: How to Read Your "Opt-Out" Notices

Fact Sheet 24aFinancial Privacy:
How to Read Your "Opt-Out" Notices

Sample Opt-Out Letters

Fact Sheet 24a AddendumSample Opt-Out Letters

Short Form Opt Out Letter

Fact Sheet 24a AddendumShort Form Opt Out Letter

Answers to Cloze Test #1

Fact Sheet 24b AddendumAnswers to Cloze Test #1

How to Shop for Financial Privacy

Fact Sheet 24cHow to Shop for Financial Privacy

Financial Privacy FAQ

Fact Sheet 24dFinancial Privacy FAQ

Is Your Financial Information Safe?

Fact Sheet 24eIs Your Financial Information Safe?
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