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United States · Bill · HR

H.R. 4321 (105th)

Financial Information Privacy Act of 1998

openUnited States· United States Congress· EN

Introduced

23 July 1998

Last action

—

Status

Placed on the Union Calendar, Calendar No. 430.

Sponsors

—

Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Financial Information Privacy Act of 1998 - Amends the Consumer Credit Protection Act to: (1) specify the types of enterprises constituting a financial institution within its purview; and (2) authorize the Federal Trade Commission (FTC) to prescribe regulations clarifying or describing the types of institutions which shall be treated as financial institutions for purposes of this Act. Declares it a violation of this Act to obtain or receive under false pretenses customer information of a financial institution. Grants the FTC, certain banking regulatory agencies, and the States enforcement powers under this Act. Subjects violations of this Act to Federal criminal penalties. Requires the Comptroller General to report to the Congress on: (1) the efficacy and adequacy of the remedies provided in this Act; and (2) recommendations for additional action to address threats to the privacy of financial information.

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Documents

7 official files

Reported in House (text)

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