Financial Privacy : The Economics of Opt-In vs Opt-Out.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Consumer protection.

Financial disclosure.

Information services.

Physical Description:

1 online resource (11 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2004.

System Details:

text file

Summary:

Examines the economics of financial privacy regarding the sharing of consumer information among affiliated financial institutions. Examines the opt-in/opt-out opportunity offered consumers under the Fair and Accurate Credit Transactions Act of 2003, which prohibits the sharing of information for the purpose of marketing unless the consumer has been notified and given the opportunity to opt out. Discusses the economic value of information, economic efficiency, market failures, and thin margins and transaction costs.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Nov. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Financial Privacy

Access Restriction:

Restricted for use by site license.