Your Privacy is Important to Us?: A Report Card on How Bank Privacy Notices Discourage Consumers from Exercising the Right to Financial Privacy

(Released October 2001) In 1999, Congress allowed large financial corporations – banks, brokerage firms and insurance companies – to merge when it passed the Financial Modernization Act, otherwise known as the Gramm-Leach- Bliley Act (GLBA). Throughout the debate on this legislation, consumer advocates worried that the law included too few protections to restrict corporate use of personal financial information.

Click here to download PDF.