§6801 — Title 15 Commerce and Trade | U.S. Code

Summary

Banks and other financial companies must respect customer privacy and keep customers’ private information safe. The federal agencies that oversee those companies, except the Consumer Financial Protection Bureau, must write rules that require staff practices, computer protections, and physical safeguards. The rules must keep records private, guard against expected threats or damage, and stop unauthorized access or use that could cause serious harm or big trouble for customers.

Title 15, §6801

Commerce and Trade — Source: USLM XML via OLRC

(a)It is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers’ nonpublic personal information.

(b)In furtherance of the policy in subsection (a), each agency or authority described in section 6805(a) of this title, other than the Bureau of Consumer Financial Protection, shall establish appropriate standards for the financial institutions subject to their jurisdiction relating to administrative, technical, and physical safeguards—

(1)to insure the security and confidentiality of customer records and information;

(2)to protect against any anticipated threats or hazards to the security or integrity of such records; and

(3)to protect against unauthorized access to or use of such records or information which could result in substantial harm or inconvenience to any customer.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2010—Subsec. (b). Pub. L. 111–203 inserted “, other than the Bureau of Consumer Financial Protection,” after “section 6805(a) of this title” in introductory provisions.

Statutory Notes and Related Subsidiaries

Effective Date

of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Effective Date

Pub. L. 106–102, title V, § 510, Nov. 12, 1999, 113 Stat. 1445, provided that: “This subtitle [subtitle A (§§ 501–510) of title V of Pub. L. 106–102, enacting this subchapter and amending section 1681s of this title] shall take effect 6 months after the date on which rules are required to be prescribed under section 504(a)(3) [15 U.S.C. 6804(a)(3)], except— “(1) to the extent that a later date is specified in the rules prescribed under section 504; and “(2) that section 504 [15 U.S.C. 6804] and 506 [enacting section 6806 of this title and amending section 1681s of this title] shall be effective upon enactment [Nov. 12, 1999].”

§6801 Protection of Nonpublic Personal Information

Summary

Title 15, §6801

Notes & Related Subsidiaries

Editorial Notes

Amendments

Statutory Notes and Related Subsidiaries

Effective Date

Effective Date

Citations & Metadata