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Can you summarize 15 USC 6801?
DISCLOSURE OF NONPUBLIC PERSONAL INFORMATION > Protection of nonpublic personal information
Short Summary
This legal document, as stated in section 6801 of the United States Code, establishes the policy that financial institutions have an obligation to respect the privacy of their customers and protect the security and confidentiality of their nonpublic personal information. The document requires agencies or authorities, excluding the Bureau of Consumer Financial Protection, to establish appropriate standards for financial institutions under their jurisdiction. These standards include administrative, technical, and physical safeguards to ensure the security and confidentiality of customer records and information, protection against threats or hazards to the integrity of such records, and prevention of unauthorized access or use that could harm customers. The document does not specify any exemptions or penalties.
Whom does it apply to?
Financial institutions subject to the jurisdiction of the agencies or authorities described in section 6805(a) of the United States Code, except the Bureau of Consumer Financial Protection
What does it govern?
Protection of nonpublic personal information
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
U.S. Federal Government