Regulation P aka the Privacy of Consumer Financial Information requirements have been around for quite a while. When the Rule first came out, it was a major shift for many financial institutions in how they treated a customer’s information and who they shared it with. As time has passed; however, it’s likely become old hat and just kind of ingrained in what you do. In many cases, you probably just hand out your privacy notice when required and move on. That said, it is still important to understand the “why” behind the Privacy requirements, what your institution’s practices are and what your Privacy Notice actually says.
Kevin explains more in the video.
Published
2024/06/04