The CFPB is implementing a new rule that will allow certain banks and credit unions to stop sending privacy disclosures via standard mail. Do you understand your bank’s privacy policies?
Banks use a combination of safeguards to protect their customers’ personal data. But customers themselves also must take a part in safeguarding their personal financial information. This means you. That’s a message from the American Bankers Association, ABA, a trade group in Washington, D.C., that represents banking companies and is urging bank customers to take