Sec. 4. Consumer right to financial privacy
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/bill/113/hr/3193/eh/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1022(c)(9)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5512(c)(9)(A) ) is amended— by striking may not obtain from a covered person or service provider and inserting may not request, obtain, access, collect, use, retain, or disclose ; by striking personally identifiable financial and inserting nonpublic personal ; and by striking from the financial records and all that follows through the period at the end and inserting unless— the Financial Product Safety Commission clearly and conspicuously discloses to the consumer, in writing or in an electronic form, what information will be requested, obtained, accessed, collected, used, retained, or disclosed; and before such information is requested, obtained, accessed, collected, used, retained, or disclosed, the consumer informs the Financial Product Safety Commission that such information may be requested, obtained, accessed, collected, used, retained, or disclosed. .
Section 1022(c)(9)(B) of such Act ( 12 U.S.C. 5512(c)(9)(B) ) is amended to read as follows: Subparagraph
(A)shall apply to any person directed or engaged by the Financial Product Safety Commission to collect information to the extent such information is being collected on behalf of the Financial Product Safety Commission. . Section 1022(c)(9) of such Act ( 12 U.S.C. 5512(c)(9) ) is amended by adding at the end the following: In this paragraph, the term nonpublic personal information has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6809 ). . Section 1113 of the Right to Financial Privacy Act of 1978 ( 12 U.S.C. 3413 ) is amended by striking subsection (r).
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