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) Financial institutions safeguards
In furtherance of the policy in subsection (a) of this section, 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.
2010—Subsec. (b). Pub. L. 111–203inserted “, other than the Bureau of Consumer Financial Protection,” after “section
6805(a) of this title” in introductory provisions.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203effective on the designated transfer date, see section 1100H ofPub. L. 111–203, set out as a note under section
552a of Title
5, Government Organization and Employees.
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
“(2) that sections
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].”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.