This would include virtually all checking, savings and other deposit accounts. Financial institutions are required to provide consumers with extensive disclosures at the beginning of the consumer's relationship with the institution. The purpose of the Financial Privacy Act is to protect consumer records maintained by financial institutions from improper disclosure to federal government officials or agencies. If a consumer wishes to opt-out of future telemarketing calls from a particular company, the consumer only need indicate that he or she does not wish to be called again. In addition, TCPA protects consumers by restricting the use of automatic telephone dialing devices and prerecorded or artificial telephone messages.
Names remain in the exclusion file for five years.
Please contact Ayca Ergeneman for more information. E-mail the ABA Webmaster.