Financial Privacy Hearings Before the Subcommittee On Financial Institutions a

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Financial Privacy Hearings Before the Subcommittee On Financial Institutions a
United States Congress House Committee On Banki
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12 See for example the privacy policies for American Express (www. Americanexpress. Com) and Bank of America (www. Nationsbank. Com) which describe policies governing their information offline and online.
13 Direct Marketing Association, Privacy Promise Member Compliance Guide, September 1998.
153 • The Online Privacy Alliance's Guidelines for Online Privacy Policies states that individuals must be given the opportunity to exercise choice regarding how individually identifiable information coll
...ected from them online may be used when such use is unrelated to the purpose for which the information was collected. At a minimum, individuals should be given the opportunity to opt out of such use, including the vast majority of circumstances where there is third party distribution of the information 14 .
• To qualify for the BBBOnline Privacy Seal, organizations must disclose the choices they provide to consumers with regard to information that is shared with affiliates or third party agents.


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