{
  "id": "RS21427",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS21427",
  "active": false,
  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
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      "id": 103192,
      "date": "2005-02-23",
      "retrieved": "2016-04-07T19:52:07.727029",
      "title": "Financial Privacy Laws Affecting Sharing of Customer Information Among Affiliated Institutions",
      "summary": "The privacy provisions of the Gramm-Leach-Bliley Act of 1999 ( P.L. 106-102 ) do not permit\ncustomers to preclude financial institutions from sharing nonpublic personal information with\naffiliated companies; they merely require companies to notify their customers of their practices of\ninformation sharing with affiliates. Until the Fair Credit Reporting Act (FCRA) was amended in\n1996, sharing of such information with affiliates might have subjected a company to being regulated\nas a credit reporting agency. Under provisions added in 1996, 15 U.S.C. Sections 1681a(d)(2)(A)(ii)\nand (iii), which preempt inconsistent state law, companies have been permitted to share among their\ncorporate family a broad range of data they have collected on their customers provided they have\ngiven the customers the opportunity to preclude, i.e., opt out of, the information sharing.  P.L.\n108-159  makes these FCRA preemptions permanent and provides a limited opt-out from affiliate\nsharing of consumer information for the purpose of marketing solicitations. This report will be\nupdated to reflect action on major legislation. For related information see  CRS Report RL31758 ,\n Financial Privacy: The Economics of Opt-In vs Opt-Out ;  CRS Report RL31847 ,\n The Role of\nInformation in Lending: The Cost of Privacy Restrictions;   CRS Report RS21449 ,  Fair\nCredit\nReporting Act: Preemption of State Law;  and  CRS Report RL32535 ,  Implementation\nof the Fair and\nAccurate Transactions (FACT) Act of 2003.",
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc810713/",
      "id": "RS21427_2003Feb27",
      "date": "2003-02-27",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Financial Privacy Laws Affecting Sharing of Customer Information Among Affiliated Institutions",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc808613/",
      "id": "RS21427_2003Feb21",
      "date": "2003-02-21",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Financial Privacy Laws Affecting Sharing of Customer Information Among Affiliated Institutions",
      "summary": null,
      "type": "CRS Report",
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      "active": false,
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  "topics": [
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}