12 CFR 1016.3 - Definitions

Cite as12 CFR 1016.3
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20 practice notes
  • Arbitration Agreements
    • United States
    • Federal Register May 24, 2016
    • May 24, 2016
    ...\534\ Personally identifiable financial information is defined in 12 CFR 1016.3(q)(1). --------------------------------------------------------------------------- The Bureau seeks comment on its approach of requiring these redactions and on the burden to providers of this redaction requirem......
  • Amendment to the Privacy of Consumer Financial Information Rule Under the Gramm-Leach-Bliley Act
    • United States
    • Federal Register June 24, 2015
    • June 24, 2015
    ...6803 (In its initial and annual privacy notices ``a financial institution shall provide a clear and conspicuous disclosure . . . .''); 12 CFR 1016.3(b)(1) and 16 CFR 313.3(b)(1) (both defining ``clear and conspicuous'' as ``reasonably understandable and designed to call attention to the nat......
  • OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches; Integration of Regulations
    • United States
    • Federal Register September 11, 2014
    • September 11, 2014
    ...12 CFR 40.3, the OCC's former privacy rule, with the appropriate cite to the Consumer Financial Protection Bureau's (CFPB) privacy rule, 12 CFR 1016.3, in the definitions of ``customer'' and ``customer information'' in Appendix B to part 30. The Dodd-Frank Act transferred to the CFPB Federa......
  • Rebello v. Lender Processing Servs., Inc., No. 101764.
    • United States
    • United States Court of Appeals (Ohio)
    • April 9, 2015
    ...has authority.” Id. at (I)(A). “Customer information” includes “any record containing nonpublic personal information, as defined in 12 C.F.R. 1016.3(p), about a customer, whether in paper, electronic, or other form, that is maintained by or on behalf of the national bank.” Id. at (I)(C)(2)(......
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5 cases
  • Rebello v. Lender Processing Servs., Inc., No. 101764.
    • United States
    • United States Court of Appeals (Ohio)
    • April 9, 2015
    ...has authority.” Id. at (I)(A). “Customer information” includes “any record containing nonpublic personal information, as defined in 12 C.F.R. 1016.3(p), about a customer, whether in paper, electronic, or other form, that is maintained by or on behalf of the national bank.” Id. at (I)(C)(2)(......
  • Fee v. Ill. Inst. of Tech., 21-cv-02512
    • United States
    • United States District Courts. 7th Circuit. United States District Court (Northern District of Illinois)
    • July 15, 2022
    ...in relevant part provides that “an institution that is significantly engaged in financial activities is a financial institution.” 12 C.F.R. § 1016.3(1)(3)(i). Reading the relevant statutory and regulatory language together, there is little doubt that an institution of higher education like ......
  • Ferguson v. Jefferson Cnty. Sheriff's Office, No. 18-1461
    • United States
    • United States Courts of Appeals. United States Court of Appeals (10th Circuit)
    • January 3, 2019
    ...argues that the Sheriff's Office and Securus Technologies are financial institutions. Aplt. Br. at 2-4. He cites 15 U.S.C. § 6805, 12 C.F.R. § 1016.3, and 31 C.F.R. § 14.1. Id. at 2. This argument appears to concern his claims under 12 U.S.C. § 3417 and 15 U.S.C. §§ 6801 et seq. But, as the......
  • Saraceni v. M&T Bank Corp., 19-CV-1152
    • United States
    • United States District Courts. 2nd Circuit. United States District Court of Western District of New York
    • November 6, 2019
    ...customers, they are not identified as such. And even if the list was used for M&T's business, that does not make it confidential. See 12 C.F.R. § 1016.3(p)(3)(ii) ("Nonpublic personal information does not include any list of individuals' names and addresses that contains only publicly avail......
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9 firm's commentaries
  • Are Banks and Other Lenders Subject to the CCPA?
    • United States
    • JD Supra United States
    • August 30, 2019
    ...or (iii) You otherwise obtain about a consumer in connection with providing a financial product or service to that consumer. 12 C.F.R. § 1016.3(q)(1). Examples include information on a loan application, account balance information, and information from an internet “cookie.” Id. § Accordingl......
  • California Consumer Privacy Act: A Reference Guide for Compliance
    • United States
    • JD Supra United States
    • October 22, 2019
    ...Act: A Reference Guide for Compliance | www.carltonfields.com | 18 Are Banks and Other Lenders Subject to the CCPA? (continued) 12 C.F.R. § 1016.3(q)(1). Examples include information on a loan application, account balance information, and information from an internet “cookie.” Id. § 1016.3(......
  • Exempt or Not Exempt? California Consumer Privacy Act and the Gramm-Leach-Bliley Act
    • United States
    • JD Supra United States
    • April 16, 2019
    ...that results from a consumer transaction, or is otherwise obtained in connection with providing a financial product or service. GLBA 12 C.F.R. §1016.3(q)(1). Isn’t all of the data collected by a financial services business “otherwise obtained” under That depends on the type of information t......
  • The California Consumer Privacy Act: What Financial Services Providers Need to Know
    • United States
    • JD Supra United States
    • June 21, 2019
    ...budget to prepare for compliance; Opt-out rights are more extensive than what is required under the Gramm–Leach–Bliley Privacy Rule, 12 C.F.R Part 1016 (the GLBA Rule), and other financial privacy laws. And for at least 12 months, financial services providers cannot solicit consumers that o......
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