Financial Data Protection: Greater Control Over Personal Information
This new law strengthens the protection of your financial data, giving you greater control over how financial institutions collect, use, and share your private information. You will have the right to access your data, request its deletion, and decide on its sharing, enhancing your financial security and privacy.
Key points
Increased Data Control: Financial institutions need your consent to use your private data, unless essential for service provision.
Right to Access and Delete Data: You can request a list of your data held by a financial institution and ask for its deletion.
Clear Sharing Rules: Institutions must inform you what data they collect, how they use it, and if they share it with other companies.
Restrictions on International Sharing: Financial institutions cannot share your personal data with foreign governments, except for law enforcement purposes.
Status:
Expired
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