What laws protect personal banking information?

In Texas, personal banking information is protected by a variety of state and federal laws. The Gramm-Leach-Bliley Act of 1999 created rules to protect consumer’s financial information held by financial institutions. This act requires financial institutions to provide customers with privacy notices that describe their information-sharing practices, and to develop plans for the secure handling of customers’ data. The Texas Public Information Act also provides protection for personal banking information. This act limits the public disclosure of “private information” including, but not limited to, financial information such as bank account numbers. The Texas Deceptive Trade Practices—Consumer Protection Act also helps to protect personal banking information. This law prohibits false, misleading or deceptive trade practices and requires businesses to make true and accurate disclosures. In addition, the Texas Identity Theft Enforcement and Protection Act requires businesses to take precautions to protect customers’ personal information from theft or unauthorized use. This act requires business to inform customers about how their personal information is used and stored. It also requires businesses to provide notice when customers’ personal information has been breached. Overall, Texas has numerous laws in place to protect consumers’ personal financial information. These laws require businesses to take steps to ensure customers’ data is protected and disclosed accurately.

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What laws protect personal banking information?

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