Who Is A Nonaffiliated Third Party In A Financial Institution

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GRAMM-LEACH-BLILEY ACT SEC. 502. OBLIGATIONS <

this subtitle, a nonaffiliated third party that receives from a financial institution nonpublic personal information under this section shall not, directly or through an affiliate of such receiving third party, disclose such information to any other person that is a nonaffiliated third party of both the financial institution and such receiving

TITLE 18 INSURANCE 1 DELAWARE ADMINISTRATIVE CODE

nonaffiliated third party. Financial product or service means any product or service that a financial holding company could offer by engaging in an activity that is financial in nature or incidental to such a financial activity under Section 4(k) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)). Financial service includes a

CHAPTER 13-02-21 DISCLOSURE OF CUSTOMER INFORMATION BY

A financial institution may not disclose customer information to a nonaffiliated third party under a joint marketing agreement as that term is defined by section 502(b)(2) of the federal Financial Services Modernization Act of 1999 [Pub. L. 106-102; 113 Stat. 1437; 15 U.S.C. 6802(b)(2)] unless the

ELDER FINANCIAL ABUSE: PREVENTION AND REMEDIES Jonathan Foxx

institution may not disclose any nonpublic personal information (known as NPI ) about a consumer to any nonaffiliated third party unless the financial institution first provides the consumer with a notice that describes the disclosure (as well as other aspects of its privacy

GRAMM-LEACH-BLILEY ACT Public Law 106-102 106th Congress

such financial institution provides or has provided to the consumer a notice that complies with section 503. (b) Opt Out. (1) In general. A financial institution may not disclose nonpublic personal information to a nonaffiliated third party unless (A) such financial institution clearly and conspicuously discloses to the consumer, in

Regulation Privacy of Consumer Financial Information

To a nonaffiliated third party to perform services for the financial institution or to function on its behalf, including marketing the institution s own products or services or those offered jointly by the institution and another financial institution. The exception is permitted only if the financial

REVISED THROUGH SEPTEMBER 30, 2004

this subtitle, a financial institution may not, directly or through any affiliate, disclose to a nonaffiliated third party any nonpublic personal information, unless such financial institution provides or has provided to the consumer a notice that complies with section 503. (b) OPT OUT. (1) IN GENERAL. A financial institution may not disclose

Federal Trade Commission

the conditions under which a financial institution may disclose nonpublic personal information about a consumer to a nonaffiliated third party. Third, the Rule provides a method for a consumer to opt out of the disclosure of that information to nonaffiliated third parties, subject to the exceptions in proposed §§313.9, 313.10, and

806 KAR 3:210. Privacy of consumer financial and health

mation to a nonaffiliated third party. (15) Financial product or service means: (a) Any product or service that a financial holding company could offer by engaging in an activity that is financial in nature or incidental to a financial activity described in Section 4(k) of the Bank Holding Company Act of 1956 at 12 U.S.C. 1843(k); and

FREQUENTLY ASKED QUESTIONS (FAQs) ON DIVISION 1.4 PART I

The Financial Institution should clearly understand which exemption applies to each nonaffiliated third party; and be able to explain the applicability of the exemption for each. Thus, the Financial Institution should not reply No to question 1.a. The intent

RESCINDED This document and any attachments are superseded by

if the institution discloses nonpublic personal information to a nonaffiliated third party under §13, and no exception under §14 or §15 applies, a separate statement of the categories of information the institution discloses and the categories of third par-ties with whom the institution has contracted; [§6(a)(5)]

PRIVACY OF CONSUMER FINANCIAL INFORMATION AND APPENDIX §716.1

personal information to a nonaffiliated third party. (m)(1) Financial product or service means any product or service that a financial holding com-pany could offer by engaging in an activity that is financial in nature or incidental to such a finan-cial activity under section 4(k) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)).

Rules of Department of Commerce and Insurance

personal information to a nonaffiliated third party; (L) Financial product or service means any product or service that a financial hold-ing company could offer by engaging in an activity that is financial in nature or inciden-tal to such a financial activity under section 4(k) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)).

WAC 284-04-120 Definitions.

nonaffiliated third party. (12) Financial product or service means any product or service that a financial holding company could offer by engaging in an activity that is financial in nature or incidental to such a financial activity under section 4(k) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)).

Department of the Treasury System

financial institution or the third party, unless the disclosure would be lawful if made directly by the financial institution. Paragraph (a)(1) sets out the Act s redisclosure limitation as it applies to a financial institution that receives information from another nonaffiliated financial institution. Paragraph (b)(1) mirrors the provisions

BILLING CODE: 4810-AM-P BUREAU OF CONSUMER FINANCIAL

Except as otherwise authorized in the regulation, if a financial institution chooses to disclose nonpublic personal information about a consumer to a nonaffiliated third party other than as described in its initial notice, the institution is also required to deliver a revised privacy notice. 15

Gramm-Leach-Bliley Act Disclosure of Nonpublic Personal

A financial institution may not disclose nonpublic personal information to a nonaffiliated third party unless - (A) such financial institution clearly and conspicuously discloses to the consumer, in writing or in electronic form or other form permitted by the regulations prescribed under section 6804 of this

Privacy (Gramm-Leach-Bliley Act) UNITED STATES CODE TITLE 15

from a financial institution nonpublic personal information under this section shall not, directly or through an affiliate of such receiving third party, disclose such information to any other person that is a nonaffiliated third party of both the financial institution and such receiving third party, unless such disclosure would be lawful if

TITLE V PRIVACY Subtitle A Disclosure of Nonpublic Personal

14 nonaffiliated third party unless 15 (A) such financial institution clearly and 16 conspicuously discloses to the consumer, in 17 writing or in electronic form or other form per-18 mitted by the regulations prescribed under sec-19 tion 504, that such information may be dis-20 closed to such third party;

RIVACY OF CONSUMERS RESOURCES PROVIDED THROUGH FINANCIAL

By default, the rule considers a nonaffiliated third party to be any entity or person except an affiliate. The regulation includes one other exception, which allows for situations in which a person is employed by more than one institution.

CFPB Laws and Regulations GLBA Privacy

A financial institution must provide notice of its privacy policies and practices, and allow the consumer to opt out of the disclosure of the consumer s nonpublic personal information to a nonaffiliated third party if the disclosure is outside of the exceptions in Sections 13, 14, or 15 of the regulation.

Rules of Department of Insurance

personal information to a nonaffiliated third party. (L) Financial product or service means any product or service that a financial hold-ing company could offer by engaging in an activity that is financial in nature or inciden-tal to such a financial activity under section 4(k) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)).

Regulation P Privacy of Consumer Financial Information

A financial institution generally may not disclose consumer account numbers to any nonaffiliated third party for marketing purposes. A financial institution must follow redisclosure and reuse limitations on any nonpublic personal information it receives from a nonaffiliated finan-cial institution. In general, the privacy notice must

SECURITIES AND EXCHANGE COMMISSION 17 CFR PART 248 Release

financial institution may disclose nonpublic personal information about a consumer to a nonaffiliated third party without first giving the consumer an opportunity to opt out of the disclosure. 7 In enacting the legislation, Congress also specifically directed the Commission and

17766 Federal Register /Vol. 78, No. 56/Friday, March 22

financial institutions from sharing their information with nonaffiliated parties Opt out Consumers may direct that the national bank or Federal savings association not disclose nonpublic personal information about them to a nonaffiliated third party, other than permitted by §§1016.13 1016.15. Partial opt out Consumer also may

Online Lenders Alliance 2020 Compliance University

The GLBA limits the reuse and redisclosure of NPI received from a nonaffiliated financial institution If a financial institution receives NPI from a nonaffiliated financial institution under an exception, the receiving financial institution may only:

Gramm-Leach-Bliley Act (GLBA) (FINAL)

Mar 02, 2020 15 U.S.C. § 6803(c)(1). A nonaffiliated third party is defined as any person except the financial institution affiliate; or a person employed jointly by the financial institution and any company that is not the institution s affiliate (but

Status of State Actions on Gramm-Leach- Bliley Act s Privacy

A financial institution generally may not disclose a consumer s nonpublic personal information to a nonaffiliated third party unless the institution provides a privacy notice (initial notice) to the consumer. In addition, for consumers who become customers of a financial institution, the institution must furnish the

PRIVACY POLICY/REGULATION S-P

nonaffiliated third parties that require it to share customer information in order for the third party to carry out services for the Company. These nonaffiliated third parties would typically represent situations where PVG or its employees offer products or services jointly with another financial institution, thereby requiring the Company to

VIII. Privacy GLBA

A nonaffiliated third party is any person except a financial institution s affiliate or a person employed jointly by a financial institution and a company that is not the institution s affiliate.

BILLING CODE: 4810-AM-P BUREAU OF CONSUMER FINANCIAL

Except as otherwise authorized in the regulation, if a financial institution chooses to disclose nonpublic personal information about a consumer to a nonaffiliated third party other than as described in its initial notice, the institution is also required to deliver a revised privacy notice.16

CHAPTER 13-03-18 DISCLOSURE OF CUSTOMER INFORMATION BY

A financial institution may not disclose customer information to a nonaffiliated third party under a joint marketing agreement as that term is defined by section 502(b)(2) of the federal Financial Services Modernization Act of 1999 [Pub. L. 106-102; 113 Stat. 1437; 15 U.S.C. 6802(b)(2)] unless the

2021 DEPOSIT/ OPERATIONS COMPLIANCE SCHOOL

With certain exceptions, the act prohibits a financial institution from disclosing a consumer s nonpublic personal information to a nonaffiliated third party unless the institution satisfies various notice requirements and the consumer does not elect to prevent, or opt out of, the disclosure.

DIVISION OF BANKING

Internal Controls Financial institutions are required to have approved policies, procedures and processes for all aspects of BSA/AML. However, since a BSA program is based on risk, this will not look the same for every financial institution. Independent Testing Independent testing refers to your auditors: either internal or third party. The

GRAMM-LEACH-BLILEY ACT, 15 U.S.C. §§6801-6809

A financial institution may not disclose nonpublic personal information to a nonaffiliated third party unless- (A) such financial institution clearly and conspicuously discloses to the consumer, in writing or in electronic form or other form permitted by the regulations prescribed under section 6804 of this title, that such

Privacy of Consumer Financial Information, Comptroller's Handbook

Nonaffiliated third party: Any person except a financial institution s affiliate or a person employed jointly by a financial institution and a company that is not the institution s affiliate. An affiliate of a financial institution is any company that controls, is controlled by, or is under common control with the financial institution.

Financial Institution Letters

Jan 25, 2001 information received from a nonaffiliated financial institution or disclosed to a nonaffiliated third party. The specific limitations depend on whether the information was received pursuant to or outside of the notice and opt out exceptions. State Law: A provision under a State law that provides greater consumer protection than provided under

NCUA LETTER TO CREDIT UNIONS - Federal Financial Institutions

- In a joint marketing agreement with a non affiliated third party financial institution to jointly offer, endorse, or sponsor a financial product or service provided the credit union has disclosed the financial institution s general lines of business in its privacy notice;

Gramm-Leach-Bliley Act (GLBA)

A nonaffiliated third party is any person except a financial institution s affiliate or a person employed jointly by a financial institution and a company that is not the institution s affiliate.