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Irv S
Lv 7

Banking Law and Privacy. Can we demand it?

2 Answers

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  • Irv S
    Lv 7
    6 years ago

    I was told by a usually trustworthy source that U,S, Banking Law requires

    a bank to allow a depositor to set his own 'Privacy Policy' rather than

    just blindly accepting the Bank's published "What we do with your

    information" policy.

    I am particularly concerned with those 'credit reporting' businesses that will sell what I feel should be held confidential to anyone willing tp pay for it.

    I have requested privacy from every institution with which I deal, yet still

    receive 'offerings' that hint that my information is 'out there'.

    Does anyone know:

    a. the source Law so I can read it and verify the right?

    .b. how to make the request/demand that the right be granted?

    c. any way to prevent those 'reporters from distributing what information they've already collected?

  • Anonymous
    6 years ago

    Part of the agreement you sign when you sign up with a bank allows them to send you stuff. You AGREE to it. If you don't AGREE then you won't be signing up with that bank.

    Do you think that banks come up with this stuff out of their asses? They don't. Banks have teams of lawyers that are well versed in all things law, and probably some government too.

    You too can hire a lawyer and pay them a ton of money to protect your rights.

    You cannot prevent it - UNLESS you get off the net, stay off of it, don't bank or pay bills. Pay cash for everything.

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