No financial institution can disclose nonpublic personal information about a consumer to an unaffiliated third party under any circumstances.

Question

Quizplus · Accepted Answer

Financial institutions can disclose nonpublic personal information about a consumer to an unaffiliated third party under certain circumstances, such as to fulfill a legal requirement, to protect against fraud or unauthorized transactions, or as part of a joint marketing agreement. However, they are required to provide the consumer with an opt-out option if the information is being shared for marketing purposes.

No Financial Institution Can Disclose Nonpublic Personal Information About a Consumer