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Sample Wording Regarding FCRA For Privacy Notice

Answered by: 
Andy Zavoina

Question: 
We want to include the opt out notice required under FCRA in our Privacy Notice because we share information with our affiliate bank. I am looking for sample wording for the FCRA portion of the notice. This is the only portion of our Privacy notice that will require an opt out provision.
Answer: 

The FCRA doesn't include sample language. Off the top of my head: "We may share your information within our family of affiliates. This will be done to better offer you the variety of products each has to offer. If you do not want your information shared, please detach the form below, complete it and mail it to... or deliver it to the bank".

First published on BankersOnline.com 06/9/03

First published on 06/09/2003

Filed under: 
Compliance
Filed under compliance as: 
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