The Fair Credit Reporting Act was implemented to assure fair, accurate and timely reporting of credit information. Among other provisions, the Act directs users of credit information as to the limitations of sharing information. There are other laws such as the Right to Financial Privacy Act that describes how and under what conditions financial institutions are obligated to provide an individual s records to government agencies or the Bank Secrecy Act that describes under what circumstances suspicious activity must be reported. It is the policy of Colonial Savings, F.A. and all its operating divisions, to respect the privacy of persons seeking information or services from us. Colonial employees are to keep customer information confidential.
Colonial seeks to abide by the laws and regulations governing access to customer activity.
Colonial Savings, F.A. recognizes how important it is to our customers that sensitive information remain confidential. Our employees have been directed to abide by a comprehensive Consumer Privacy Policy. Colonial has never sold customer lists to outside companies. Colonial has no plans to share information with any companies outside of Colonial s immediate family of companies except as otherwise permitted by law. This tracking allows Colonial to identify current usage patterns in order for us to improve the information we provide.