Ally adds “Consent to Share Personal Information” to Service Agreement; mentions the PATRIOT act

www.ally.com/resources/pdf/bank/ally-bank-obsa.pdf

This has to do with the 314b regulations for know your customer. How it works is that once a bank signs up to the 314b database they can contact other banks to get information about a customer.

We are primarily funded by readers. Please subscribe and donate to support us!

Basically like Carnage says above, it makes the banks responsible for knowing what their customers are up to.

 

CTE

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.