Full question:
I feel as though my privacy disclosure act has been breeched by our credit union. I need to know what my legal rights are concerning this. Our personal information and copies of our loan payment documents were given to a person without our permission by the Credit Union manager. What are our rights under the law for this act?
- Category: Civil Rights
- Subcategory: Privacy
- Date:
- State: Georgia
Answer:
Consumers have the right to opt out of having their information shared with certain third parties. The privacy notice from your credit union should explain how to do this. However, you cannot opt out if:
- The credit union shares information with outside companies that provide essential services, like data processing.
- The disclosure is legally required.
- The credit union shares customer data with outside service providers that market its products or services.
A credit union may disclose nonpublic personal information it collects from:
- Membership and loan applications.
- Transactions with the credit union or its affiliates.
- Consumer-reporting agencies.
- Verification of information you provide, such as from employers or other financial institutions.
The specifics of your situation, including what information was disclosed, to whom, and for what purpose, will determine your rights. It’s advisable to review the credit union's privacy notice and related information for clarity.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.