Summer Vacation - A Privacy and Identity Theft Primer

When you travel, your risk of exposure to fraud and identity theft may increase. It’s a fact that people tend to let their guard down while on vacation.  Identity theft is often a crime of opportunity.  Don’t be a vacationer who presents a thief with that opportunity.  Your personal information, credit and debit cards, driver’s license, passport, and other personal information are the criminal’s target. By spending a few minutes planning before you travel, you can help reduce the risk that a thief will ruin your vacation.  You can also help avoid unnecessary problems with your financial institution. Here are some tips for an enjoyable vacation.

Comments to California Department of Insurance Concerning Privacy of Personal Financial and Medical Record Information

We are pleased to see that the proposed regulations, as revised, include a number of changes that will benefit individual privacy interests. We commend the staff of the Department for efforts to balance multiple interests and their willingness to consider our concerns about loss of personal privacy.

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.

Lost in the Fine Print: Readability of Financial Privacy Notices (Hochhauser)

Readability analyses of 60 financial privacy notices found that they are written at a 3rd-4th year college reading level, instead of the junior high school level that is recommended for materials written for the general public. Consumers will have a hard time understanding the notices because the writing style uses too many complicated sentences and too many uncommon words.

Consumer Financial Protection Bureau Comments in Support of CFPB’s Complaint Narrative Proposal

Consumer Financial Protection Bureau 
Comments in Support of CFPB’s Complaint Narrative Proposal

Docket Number: CFPB-2014-0016


https://www.federalregister.gov/articles/2014/07/23/2014-17274/disclosure-of-consumer-complaint-narrative-data 


Submitted by the Privacy Rights Clearinghouse


Sept. 22, 2014

Director Richard Cordray 

Consumer Financial Protection Bureau

1700 G Street N.W. 
Washington, D.C. 20552


Dear Director Cordray:

Introduction.  The Privacy Rights Clearinghouse (PRC) is a nonprofit consumer education and advocacy organization, established 22 years ago in 1992 and located in San Diego, California.

The PRC takes complaints and questions from the general public on a variety of informational privacy issues. These include:  debt collection, financial privacy, online privacy, social media, medical records, employment topics, among others.

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

Pages

Showing 11-20 of 67 results
Subscribe to Banking & Finance