Sharing
Information
with
Affiliates and Third Parties
F. Jay Meyer, Esq.
Counsel
TD BANKNORTH, N.A.
Portland, Maine
Institutional fiduciaries may share customer information with
affiliates or third parties for a variety of purposes, including
account servicing, client development, joint marketing and enforcement
of obligations. Such information sharing raises important privacy
concerns, and may be subject to policies, statutes and rules including
institutional privacy policies, the Gramm-Leach-Bliley Act and Federal
Regulation P, the Fair Credit Reporting Act (FCRA) and the Fair and
Accurate Credit Transactions Act (FACTA). This seminar will examine
legal and privacy concerns arising from information sharing with
affiliated entities and third parties such as vendors and marketing
partners.
