Title V of the Gramm-Leach-Bliley Act (“GLB Act”) has privacy provisions relating to consumers’ financial information. Under these provisions, financial institutions have restrictions on when they may disclose a consumer’s personal financial information to nonaffiliated third parties. Financial institutions are required to provide notices to their customers about their information-collection and information-sharing practices. Consumers may decide to “opt out” if they do not want their information shared with nonaffiliated third parties. The GLB Act provides specific exceptions under which a financial institution may share customer information with a third party and the consumer may not opt out. All financial institutions are required to provide consumers with a notice and opt-out opportunity before they may disclose information to nonaffiliated third parties outside of what is permitted under the exceptions.
We collect nonpublic personal information about you from the following sources:
- Information you give to us on applications or other forms.
- Information from your transactions with us, our affiliates or others.
- Information we receive from a customer reporting agency regarding claim history.
- Information we receive from a credit reporting agency regarding credit.
- Information we receive from state motor vehicle records reports.
- Information we receive from medical records of medical professionals.
- Information we receive from insurers.