Consumer's Right to Financial Privacy Act
Official title: To amend the privacy provisions of the Gramm-Leach-Bliley Act.
More subjectsShow fewer subjects
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mandates that designated regulatory agencies promulgate regulations that: (1) require affirmative consumer consent as a prerequisite to any information sharing by a financial institution; (2) prohibit a financial institution from denying a product or service to a consumer who has denied consent to such information transfer; and (3) require consumer access and opportunity to dispute nonpublic personal information made available by the institution to persons other than its own personnel.
Prohibits a financial institution from disclosing a consumer's access number or code to an affiliated or nonaffiliated third party for use in telemarketing, direct mail marketing, or other marketing through electronic mail to the consumer.
Restricts nonpublic personal information received from a financial institution by an affiliate or nonaffiliated third party from being further disclosed to another affiliate or nonaffiliated third party of both the financial institution and such recipient.
Prohibits obtaining, or soliciting a person to obtain, customer information from a financial institution under false pretenses.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 2720: Consumer's Right to Financial Privacy Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2720/
"H.R. 2720: Consumer's Right to Financial Privacy Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2720/.
H.R. 2720, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2720/.
[H.R. 2720: Consumer's Right to Financial Privacy Act](https://openamerica.io/bill/107-HR-2720/)