15 U.S. Code § 6808 - Study of information sharing among financial affiliates
(a) In general
The Secretary of the Treasury, in conjunction with the Federal functional regulators and the Federal Trade Commission, shall conduct a study of information sharing practices among financial institutions and their affiliates. Such study shall include—
(1) the purposes for the sharing of confidential customer information with affiliates or with nonaffiliated third parties;
(4) the potential benefits for financial institutions and affiliates of such sharing of information;
(8) the feasibility of different approaches, including opt-out and opt-in, to permit customers to direct that confidential information not be shared with affiliates and nonaffiliated third parties; and
The Secretary shall consult with representatives of State insurance authorities designated by the National Association of Insurance Commissioners, and also with financial services industry, consumer organizations and privacy groups, and other representatives of the general public, in formulating and conducting the study required by subsection (a) of this section.
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